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Subprime fall-out

Sachsen LB postpones half-year results

By Ivar Simensen in Frankfurt

Published: August 24 2007 20:59 | Last updated: August 24 2007 20:59

Sachsen LB, the troubled German public bank, on Friday postponed the release of its half-year results at short notice, just hours after it warned that a fund it managed might be forced to sell assets because of the current liquidity crisis.

The Landesbank in the state of Saxony was scheduled to report six-month figures on Friday but delayed the presentation to August 31, without giving a reason.

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