German Govt, financial authorities preparing a rescue plan for Deutsche Bank – Die Zeit

Reuters reports a story from a German daily, Die Zeit, citing that the Government and financial authorities are preparing a rescue package for Deutsche bank.

Key Headlines:

Government and financial authorities are preparing a rescue package

Rescue would come into force if DB needed extra capital and was not able to raise it on the market

Govt would take a stake in DB in the worst case scenario

Scenario of Govt taking 25% stake would apply only in extreme emergency

Contingency plan envisages possible sales of $DBK units, with the option of state guarantees to back the transactions if needed

Govt still hopes DB won't need support and only scenarios for a rescue are being discussed so far