BREAKING NEWS

BREAKING NEWS

German banks told lend more or risk further regulation

Now Reading:

German banks told lend more or risk further regulation

Text size Aa Aa

The German government fears that domestic companies could face a further credit squeeze in the new year and Chancellor Angela Merkel has warned banks they face yet more regulation if they fail to loosen the purse strings.

Economy Minister Rainer Bruederie has called on banks to be more helpful to midsize firms and pass on the record low interest rates to their customers.