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Dresdner Bank mounts K2 rescue bid

Dresdner Bank has offered to support stricken structured investment vehicle K2. The restructuring will provide K2 with a credit line intended to ensure the repayment of all the SIV's senior debt.

K2 has been reduced in size from $31.2 billion in assets in July last year to $18.8 billion today. The bank intends to continue to reduce the size of the fund.

The K2 portfolio does not contain direct

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