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Lunch Wrap

On FT Alphaville this morning,

- Is IKB the Mitteleuropa version of Northern Rock?

- UBS is ever so gloomy.

- As is a trawl through its US mortgage situation.

- Is the UK housing market set to follow its messy US counterpart?

-  There’s a mono-whine in the US.

- China’s Citic wants to rerun the numbers on its deal with Bear Stearns.

- And BC Partners has been successfully shopping in Turkey

- Read the Markets Live transcript here.

On FT.com this morning,

- Klaus Zumwinkel, one of Germany’s highest profile businessmen, is being investigated by prosecutors.

- Sales up and “heroic” cost savings at Diageo.

- Lex on subprime litigation

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