US sub-prime loan crisis claims first victim

US sub-prime loan crisis claims first victim
A German bank has become the first victim of the crisis in American high-risk mortgage lending - so-called sub-prime loans. IKB surprised the markets by announcing a profit-warning linked to problems in the US sub-prime market. The chief executive has gone, and its main shareholder has had to step in to shore-up IKB's credit-worthiness. Sam...

Technorati: claims crisis first loan sub-prime us victim