March 11, 2020 / 9:46 AM / 22 days ago

German finance ministry to meet with banks to discuss coronavirus measures: sources

FRANKFURT (Reuters) - Top representatives from the German finance ministry and the nation’s top bankers will meet on Friday to discuss measures to combat the impact of the coronavirus, two sources with knowledge of the matter said on Wednesday.

The meeting comes as Germany’s banking lobby called for rules to be eased to help banks through the crisis.

The German meeting includes Finance Minister Olaf Scholz, top officials from Deutsche Bank (DBKGn.DE), Commerzbank (CBKG.DE) , Unicredit-owned HVB (CRDI.MI), as well as various banking lobbies, one of the people said.

The finance ministry declined to comment. The banks did not immediately respond to requests for comment.

The Bank of England announced a surprise rate cut on Wednesday, and other countries are under similar pressure to take urgent steps to fend off a hit to the global economy.

Reporting by Hans Seidenstuecker, Patricia Uhlig and Tom Sims; additional reporting by Michael Nienaber in Berlin

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