February 14, 2011 / 7:10 AM / 9 years ago

Still no deal on WestLB's future - source

BERLIN, Feb 14 (Reuters) - A German steering committee on troubled lender WestLB [WDLG.UL] failed on Sunday to reach an agreement on a restructuring model for the bank, a source who participated in the meeting told Reuters.

“There is still no solution. Further talks are necessary,” the source said on Monday.

He added that a breakup of WestLB remained an option, with large parts of the bank’s assets wound down.

Reporting by Gernot Heller; Writing by Noah Barkin

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