December 17, 2007

German bank KfW could face billions in US loan losses: report (AFP)

The IKB logo outside the company headquarters in Berlin. Exposure to the US market for more risky home loans at troubled German lender IKB could cost KfW -- its main, state-run owner -- more than five billion euros (7.2 billion dollars).(AFP/File/Barbara Sax)AFP – Exposure to the US market for more risky home loans at troubled German lender IKB could cost its main, state-run owner more than five billion euros (7.2 billion dollars), reports said Monday.

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