Fortis, the biggest bank in Belgium, had a financial meltdown during the past five months.
This was partially caused by the problemcredits and the takeover of ABN-Amro, a Dutch bank, which cost more than 24 billion Euros.
There were speculations that ING or BNP Paribas considered to take over Fortis,
but the state tried to interfere and invested 11.2 billion Euros in the bank.
Now, BNP Paribas owns 75 % of Fortis and tries to run the remains of the former bank.
There were speculations that ING or BNP Paribas considered to take over Fortis,
but the state tried to interfere and invested 11.2 billion Euros in the bank.
Now, BNP Paribas owns 75 % of Fortis and tries to run the remains of the former bank.
Ellen Noé
1 opmerking:
Fortis, the biggest bank in Belgium, had a financial meltdown during the past five months.
This was partially caused by the problemcredits [two words; better: junk loans] and the takeover of ABN-Amro, a Dutch bank, which cost more than 24 billion Euros.
There were speculations that ING or BNP Paribas considered to take over Fortis,
but the state tried to interfere [intervene may be better here, unless you want a negative connotation] and invested 11.2 billion Euros in the bank.
Now, BNP Paribas owns 75 % of Fortis and tries to run the remains of the former bank. Ellen Noé
good flow & linking
olaf
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