Denmark, Germany step up deposit guarantees

The Danish and German authorities have become the latest countries to raise their deposit guarantees to prop up their battered banking sectors.

The German government said on Sunday that it would guarantee all private savings, thought to be worth about $500 billion.

Denmark said on Monday that it would establish a winding-up fund to ensure that depositors and other creditors do not suffer any loses if banks fail.

Germany's decision came on signs that the bailout of Hypo Real Estate, a big

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.