Financial Times FT.com

BayernLB seeks €5.4bn

By James Wilson in Frankfurt

Published: October 23 2008 03:00 | Last updated: October 23 2008 03:00

More German banks are considering tapping the government's financial sector rescue fund after BayernLB became the first lender to request help.

The Munich-based bank may learn as early as this weekend the terms on which its request for €5.4bn ($6.9bn) of fresh capital will be granted, after the first meetings of the committees that are administering the fund.

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