(Reuters) - IKB said it expected "significantly lower" earnings this
year and that its chief executive had stepped down after
sub-prime problems at a fund it managed, sending its share price
down more than 18 percent.
IKB, which mainly gives loans to German small and medium
sized or Mittelstand firms, said its biggest shareholder, state
bank KFW, had stepped in to prop up its creditworthiness in the
wake of the difficulties.
Read more at Reuters.com Bonds News
year and that its chief executive had stepped down after
sub-prime problems at a fund it managed, sending its share price
down more than 18 percent.
IKB, which mainly gives loans to German small and medium
sized or Mittelstand firms, said its biggest shareholder, state
bank KFW, had stepped in to prop up its creditworthiness in the
wake of the difficulties.
Read more at Reuters.com Bonds News
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