Sale of German subprime victim IKB nears

Newswire

FRANKFURT, July 2 (Reuters) - The saga of Germany's highest-profile casualty of the subprime crisis, IKB, is drawing to a close with a private equity firm emerging as front runner to buy the bank, sources with direct knowledge of the situation said on Wednesday.

IKB , which nearly tipped Germany's financial system into crisis after the bank's subprime investments collapsed, has been up for sale since the start of the year.

It is controlled by the German government ...

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