Calyon Seeks $1.6B Over Subprime Securities
By Melissa Lipman ( August 25, 2009, 4:49 PM EDT) -- French investment bank Calyon has sued Germany's IKB Deutsche Industriebank AG in a British court for more than $1.6 billion in damages related to claims brought by Financial Guaranty Insurance Co. against both banks in 2008 over a series of debt securities and insurance related to subprime mortgages....
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