DW-WORLD: Lone Star Equity Group to Buy German Subprime Casualty IKB Lone Star, a private US-based equity group, is to buy a majority share in Germany's IKB, the country's first and most prominent casualty of the subprime mortgage crisis.
(21.08.2008) DW-WORLD: Bank Merger Speculation Abounds as Market Pressure Continues As pressure on financial markets grows around the world, a major reorganization of the German banking sector could be in store as institutions consolidate. Thousands of jobs may hang in the balance. (24.07.2008) DW-WORLD: Troubled German Lender IKB Posts Whopping Loss German lender IKB reported a net loss of around one billion euros ($1.6 billion) for the first Lone Star Funds to take over IKB ...
Berlin 1936: Jesse Owens and the Aryan Race ... nine months of its 2007/2008 fiscal year. Hit hard by the subprime crisis, the bank had been rescued with public funds. (27.05.2008)
(Deutsche Welle)
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