DE the country's number twolender after Deutsche Bank DBKGn

Global, the country's biggest investment bank, said lastmonth it has appointed HSBC and Kuwait's CBK Capital to holdtalks with creditors to reschedule debt. At the end of September, Global had short-term borrowings of389.8 million dinars ($1.34 billion), according to its website.Total liabilities stood at 806.7 million "We started positive talks with all lending banks Talks areongoing in a good way," said Ghunaim. Global also plans to prepare a restructuring plan for thewhole firm, she added, without elaborating. The central bank governor has urged investment firms to maketheir own plans to deal with the impact of the global creditcrunch, rather than expecting state help.

ID:nLI223605 (Reporting by Rania El Gamal; Editing by John Stonestreet). By Matthias Sobolewski and Christian Kraemer BERLIN/MUNICH, Jan 18 (Reuters) - Plans for a secondpart-nationalisation of a big German bank this year remained onhold on Sunday as officials worked out details of another rescuepackage for Hypo Real Estate, sources close to the talks said. Berlin has been discussing taking a stake in strickeninvestment bank Hypo Real Estate HRXG.DE (HRE) in return formore state aid, but the only accord so far has been on providingadditional guarantees as a stopgap, the sources told Reuters. "A state stake has not been not decided on but is not ruledout at a later date," one politician close to the rulingcoalition government in Berlin said.

"New guarantees have been agreed and the rest has beenpostponed," another source with direct knowledge of the mattersaid. The state is already taking a stake of 25 percent plus oneshare in Commerzbank (CBKG.DE) the country's number twolender after Deutsche Bank (DBKGn.DE) to shore up its balancesheet as it takes over struggling Dresdner Bank. ID:nL8668329 The sources said the German parliament needed to getinvolved in the HRE discussions because German law may have tobe amended to allow the state to go ahead with its stakepurchase plans. Steinbrueck toldreporters at an event in Wesel only that the case was in thehands of the Soffin bank rescue fund set up by the state. Hypo had to be rescued by a consortium of banks and theGerman government late last year with 50 billion euros of creditand a further 30 billion of state guarantees to borrow more. Its shares have plunged from 33.63 euros a year ago to aslow as 1.85 this month and closed on Friday at 2.08, giving it amarket capitalisation below 440 million euros ($583.3 million). Hypo Real Estate, which has no customer deposits to fallback on, has been hit hard by asset writedowns and problems atits Depfa Bank division, which lends to public-sector borrowers.

Depfa's model of financing long-term loans with short-termborrowing proved a serious problem when debt markets seized up. HRE Chief Executive Axel Wieandt, who joined from DeutscheBank last year, is trying to steer the bank back on course byslashing its balance sheet and cutting staff by 40 percent. Officials are keen to help HRE to avoid sending shock wavesthrough the financial system. The bank is a big player in theGerman covered bond, or Pfandbrief, market. Britain, the United States and Ireland have also takenstakes in leading banks by injecting taxpayer funds into financehouses reeling from the global markets and debt crisis. That means banks face more huge losses as they mark down thevalue of U.S.