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US group buys German subprime casualty (AFP)

August 25th, 2008 · Permalink



US private equity group Lone Star is to take over IKB, the German bank rescued by the state development bank KfW after collapsing because of the subprime mortgage crisis, KfW said.(AFP/File/Barbara Sax)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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Tags: banking