Banks Bailed Out by States Must Restructure, EU Says

Lenders must draw up restructuring plans starting next year in return for government capital injections or asset transfers to so-called bad banks under European Union measures announced today.

Every bank in the EU “having recourse to state support in the form of capital or impaired asset measures will have to submit a restructuring plan,” the European Commission said in an e-mailed statement. Until now “this was limited to distressed banks.”