Bank taps German state rescue funds

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Bavaria's public sector bank BayernLB prepares to ask for funds from the German government's bank rescue plan. Commerzbank also said it was taking a close look at using the funds.Meanwhile Germany's cabinet approved strict conditions for the banks that make use of its 500 billion euro (674 billion dollar) rescue package, including limits on managers' salaries, bonuses and severance.Joanna Partridge reports.

Tags: Bavaria, bank, BayernLB, funds, rescue plan

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