German Banks Need EU50 Bln to Meet Basel Rules, Spiegel Reports

Germany’s 10 biggest banks need about 50 billion euros ($60.3 billion) in additional capital to meet the Basel Committee’s stricter capital rules, Der Spiegel reported, citing a confidential Bundesbank study.

Banks examined in the German central bank’s study include Deutsche Bank AG, Commerzbank AG and state banks such as WestLB AG, Landesbank Baden-Wuerttemberg and Bayerische Landesbank, the weekly magazine reported in an advance copy of an article for its Sept. 20 edition.