German Private Banks Offer EU30 Bln for Hypo Rescue, DPA Says
Oct. 5 (Bloomberg) -- German banks offered to top up their contribution to a rescue package for Hypo Real Estate Holding AG to 30 billion euros ($41.3 billion) from 8.5 billion euros, the newswire Deutsche Presse-Agentur reported, citing unidentified bank officials.
The banks, currently in talks with the German government over salvaging a bailout of Hypo, want the lender's Chief Executive Officer Georg Funke and Supervisory Board Chairman Kurt Viermetz to step down, DPA reported.
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