Underreported: German Car Banks

Thursday, March 26, 2009

In Germany, savers are pulling their money out of traditional banks and depositing the money into German Car Banks. BMW’s Bank has seen deposits jump almost 70% over the past five months and the cash infusion is helping the company cope with the frozen credit markets. Jonathan Rosenthal is European Business and Finance Correspondent for the Economist magazine. He joins us from Berlin.


Jonathan Rosenthal

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