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Germany Feels U.S. Subprime Pinch

IKB Deutsche Industriebank (IKB) is feeling the backlash from the U.S. subprime mortgage market crisis. Panic-driven spread widening is affecting most European trades, ushering uncertainty among institutional investors.

As a result, IKB said that its conduit, Rhineland Funding, has faced difficulties in rolling over its funding. This has led...

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