November 27, 2007

IKB worries force German state bank KfW to raise risk provisions (AFP)

The cupola of Berlin's French Cathedral is reflected in a plate with the logo of the German KfW bank in Berlin. The German state-owned bank KfW said Tuesday it had almost doubled risk provisions to cover possible additional subprime losses at the troubled business lender IKB, in which it holds a 38-percent stake.(AFP/File/Barbara Sax)AFP – The German state-owned bank KfW said Tuesday it had almost doubled risk provisions to cover possible additional subprime losses at the troubled business lender IKB, in which it holds a 38-percent stake.

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