Commerzbank Taps German Bailout Fund

Commerzbank, Germany's second-largest bank, announced it will make use of the government's rescue fund, news that made investors happy

Commerzbank has become the first major German private sector bank to tap the government's rescue fund, and its share price surged on Monday. The hesitance of banks to use the fund so far has worried the government, which is considering amendments to indirectly force banks to accept help.

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