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German bank IKB sees 'subprime' losses of up to 700 million euros (AFP)

September 28th, 2007 by

a logo of a German bank IKB Deutsche Industriebank AG at a company's headquarters in Berlin. a German bank IKB which was caught up in a US high-risk mortgage debacle, expects to post a loss of up to 700 million euros (990 million dollars) for its 2007/2007 fiscal year, it said Friday.(AFP/File/Barbara Sax)AFP - a German bank IKB which was caught up in a US high-risk mortgage debacle, expects to post a loss of up to 700 million euros (990 million dollars) for its 2007/2007 fiscal year, it said Friday.

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