Tag Archive for German Banks

Moody’s downgrades Commerzbank, other German banks – Full story

Moody’s downgrades Commerzbank, other German banks (via AFP) Credit rating agency Moody’s on Wednesday lowered its ratings for six German banks pointing to “the increased risk of further shocks emanating from the euro area debt crisis.” Moody’s said in a statement it was downgrading by one notch the long-term credit ratings of Commerzbank, DekaBank, DZ…

Hollande Defies German Crisis Handling on Euro Bonds, Banks – Bloomberg

French President Francois Hollande challenged Germany’s handling of the financial crisis as he headed to his first European Union summit with calls for joint borrowing and cash injections to struggling banks. Hollande teamed with Spanish Prime Minister Mariano Rajoy to press for tonight’s meeting of EU leaders to break with German-dominated budget-cutting policies that have…