Plenty of banking news in the European press today. Some selected highlights:
Germany is considering nationalising parts of its banking sector by force, according to Süddeutsche Zeitung. The government has reached the conclusion that its bad bank scheme stands no chance of increasing credit flows, the report argues, and it is now looking to the US and the UK for ways of doing so. The apparent move has been driven by fears of further economic trouble coinciding with a general election at the end of September.