Commerzbank said Thursday it would receive an 10 billion euro bailout from the German government, which would acquire a 25-percent share in the bank. The billions in risks created by Commerzbank's recent acquisition of Dresdner Bank posed a threat to its very existence.

In the first major bailout of a private German consumer bank since the financial crisis began in earnest in September, Commerzbank said Thursday it would accept a government bailout totalling around €10 billion ($13.6 billion) that would see the federal government in Berlin take a 25-percent share in the troubled financial institution.

Spiegel (English language edition)