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Market news

16 May 2019

German finance minister Scholz: Consolidation of German public sector banks is ongoing - Reuters reports

  • Says the consolidation of Germany’s banks, triggered by the 2008 global financial crisis and low-interest rates, will continue to affect public sector banks and saving banks
  • Expects to see further changes in the coming years
  • Still believes the country’s threefold banking system - made up of privately-held, public and cooperative banks - was the best solution

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