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State Intervenes to Prevent Subprime Death: German Government Gives Bank Billion-Euro Bailout - SPIEGEL

by ravi

The German government is to bail out the troubled IKB bank to the tune of 1 billion euros. It is the second cash injection for IKB, one of the many German casualties of the US subprime crisis.

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State Intervenes to Prevent Subprime Death: German Government Gives Bank Billion-Euro Bailout - SPIEGEL

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LINK

State Intervenes to Prevent Subprime Death: German Government Gives Bank Billion-Euro Bailout - SPIEGEL

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