AFP - German bank IKB, a casualty of the subprime mortgage crisis, was sold to US private equity group Lone Star for 150 million euros, German media reported Saturday.

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AP - German lender IKB Deutsche Industriebank AG, which has been badly hit by the U.S. subprime mortgage crisis, will be sold to U.S.-based private equity firm Lone Star Funds, the German company’s biggest shareholder said Thursday.
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AFP - US private equity group Lone Star is to take over IKB, the German bank rescued by state development bank KfW after falling victim to the subprime mortgage meltdown, KfW said Thursday.

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Investor’s Business Daily - Shares of Fannie Mae and Freddie Mac dived to their lowest level in nearly two decades on Wednesday amid growing concerns that the government will have to bail out the mortgage finance giants, leaving shareholders with nothing.
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