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Germany yet to learn the lessons of IKB
IKB Deutsche Industriebank, the Mittelstand bank that almost collapsed two years ago due to its huge exposure to American sub-prime mortgages, is on the road to recovery.
The bank — now owned by Lone Star, an American private equity firm — on Monday reported first-quarter (April to June) profits of 19.4 million euros against a 517 million euro loss last time.
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