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IKB/
RTX4LJ3
December 10, 2007
Picture shows the doorbell panel at the headquarters of the Deutsche Industriebank IKB in the western...
Duesseldorf, Germany
Picture shows the doorbell panell of the IKB bank in Duesseldorf
Picture shows the doorbell panel at the headquarters of the Deutsche Industriebank IKB in the western German city of Duesseldorf December 10, 2007. The sale of troubled German bank IKB should start next month and a capital hike was not planned, German newspaper Die Welt reported. IKB, which lends to roughly one in 10 of Germany's biggest companies, nearly collapsed under the strain of losses on its investments in risky U.S. home loans but was saved by a bail-out spearheaded by KfW in August. The spiralling cost of covering potential losses at IKB, now more than 6 billion euros ($8.7 billion), has led the government to prepare to sell its stake in the lender via state development bank KfW. REUTERS/Wolfgang Rattay (GERMANY)
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