Germany’s IKB Will Post Around $1 Billion Loss on Subprime

Published September 3rd, 2007 in Banks. Tags: german bank, ikb, mortgages, subprime.

IKB Deutsche Industriebank announced on 3 September that it may lose near $1 billion on subprime losses. The bank has already received over $19 billion in liquidity injections from other German banks. The extent of the bank’s loss along with other German banks has put the nation’s entire banking system in jeopardy.

Find more subprime information from Google

0 Responses to “Germany's IKB Will Post Around $1 Billion Loss on Subprime”

Feed for this Entry Trackback Address

No Comments

This blog discusses subprime mortgage problems. Subprime problems began when lenders offered loans to potential home owners with bad credit or credit / income that did not meet the standards of traditional lending. Subprime mortgages for people with bad credit or no credit face an uncertain future. Once the hope of many to enter into home ownership has now been corrupted both by overreaching consumers and predatory lenders. I hope to follow the aftermath of this crisis.

Mortgage Lender Implode-o-Meter

Germany’s IKB Will Post Around $1 Billion Loss on Subprime

0 Responses to “Germany's IKB Will Post Around $1 Billion Loss on Subprime”

Leave a Reply

Subscribe