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BBG Story: Increased CRE Provisions Needed By German Banks

FINANCIALS

German banks in ECB firing line again... likely most negative for DePfa, Aareal... then Commerz and Deutsche Bank. Credit market largely there on CRE risk so this effectively becomes an equity negative and perhaps even small spread positive (as much as any "fear story" can be).

  • ECB TO DEMAND MORE CRE LOAN PROVISIONS FROM SOME GERMAN BANKS - BBG

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