IKB Deutsche Industriebank, the troubled German lender preparing to open negotiations with a shortlist of buyers, has reported a â¬1bn ($1.6bn) loss for the nine months to the end of December.
IKB, which was the first casualty of the sub-prime crisis, came unstuck after Rhineland Funding, one of its funding vehicles, failed to secure new financing. The â¬1bn nine month loss compares to a profit of â¬142m in the same period of the previous year.
