The shares of Belgian banking group Fortis nearly crashed today; with a decrease of 77% in one day the future doesn’t look nice for it’s shareholders. The share of Fortis had been cancelled for more than a week due to the horrible results the bank had achieved during the last few weeks. The volatility of the bank’s opening share course Monday resulted in a complete panic selling, which made the company’s shares going down by 77% at the bell, giving one share the historical value of € 1,21 (£ 0,95). Despite the aid of the Belgian government the future of the largest Belgian banking group is still unsure and a lot of people fear that their savings aren’t safe within the bank.
Source: De Morgen
Brecht Taghon
1 opmerking:
The shares of Belgian banking group Fortis nearly crashed today; with a decrease of 77% in one day the future doesn’t look nice [better: bright] for it’s [its] shareholders. The share of Fortis had been cancelled for more than a week due to the horrible results the bank had achieved during the last few weeks. The volatility of the bank’s opening share course Monday resulted in a [drop: 'a'] complete panic selling, which made the company’s shares going [go] down by 77% at the bell, giving one share the historical value of € 1,21 (£ 0,95). Despite the aid of the Belgian government the future of the largest Belgian banking group is still unsure and a lot of people fear that their savings aren’t safe within the bank
Flow ok but too many grammar errors
olaf
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