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The protracted battle over the acquisition of ABN Amro took a turn for worse for Barclays on Monday. Its rival for the buyout - consortium led by RBS - raised the offer (cash component only) to end Barclays’ hope once and for all. The consortium has...
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AP, Brussels
The Belgian prime minister says French banking giant BNP Paribas will take a majority 75 percent share of troubled bank Fortis NV.
made popular Oct 5 2008
AP, Amsterdam
The Dutch government said Friday it will buy the operations of Fortis NV in the Netherlands for 16.8 billion euros ($23.2 billion) after a previous bailout failed and...
made popular Oct 3 2008
AP, Amsterdam
The Dutch government said Friday it will buy all operations of Fortis NV in the Netherlands for 16.8 billion euros ($23.2 billion) as the troubled bank teetered on the...
made popular Oct 3 2008
AP, Brussels
The Belgian prime minister says the troubled Dutch-Belgian banking and insurance giant Fortis NV will be partially nationalized.
made popular Sep 28 2008
AP, Brussels
EU Central Bank chief Jean-Claude Trichet and officials from Belgium, the Netherlands and Luxembourg huddled in intense, closed-door talks Sunday night, trying to...
made popular Sep 28 2008
AP, Amsterdam
Fortis NV says it has named a member of its managing board as chief executive, giving the troubled bank and insurance company its third CEO in as many months.
made popular Sep 26 2008
AP, Amsterdam
Fortis NV plans to raise up to $14.6 billion by selling assets in a move to improve its financial underpinnings, the chief executive of the Dutch-Belgian banking and...
made popular Sep 26 2008
AP, Amsterdam
Dutch bank Fortis will issue $2.35 billion in new shares and scrap cash dividends for the year to shore up its balance sheet.Fortis was one of three European banks that...
made popular Jun 26 2008
The ongoing credit crunch, generated by the US subprime mishmash can trigger upheaval for the Royal Bank of Scotland-led consortium to finance the $95.51bn offer to ABN...
made popular Aug 20 2007
RBS-led consortium is climbing step-by-step to ABN Amro. Shareholders in RBS voted overwhelmingly in favor of $97.2bn bid for Amro as 94.5% of RBS shareholders support...
made popular Aug 11 2007
Bidding war for ABN Amro is not ending even after posting a higher bid. Mishmash, in and outside the Dutch bank, is adding worries to RBS-led consortium and...
made popular Aug 6 2007
Royal Bank of Scotland (RBS) has secured $10.4bn (£5.1bn) profit for opening six months of the year.
Bank’s operating pre-tax profit, is up 11%, of which...
made popular Aug 4 2007
The battle for the ABN AMRO finds no end, as suitors one after the other come in fray and are forced to contemplate as to who the banking giants would merge...
made popular Jul 5 2007
A consortium led by Royal Bank of Scotland raised the bid for ABN Amro, offered €71.1billion ($95.6billion), topping the Barclays Plc’s an all-share offer...
made popular May 31 2007
A consortium led by Royal Bank of Scotland raised the bid for ABN Amro, offered €71.1billion ($95.6billion), topping the Barclays Plc’s an all-share offer of...
made popular May 30 2007
Barclays plans to submit a formal bid for Dutch bank ABN Amro within six weeks. The British Banking Giant said yesterday that it had plans to table an official offer...
made popular May 24 2007
British bank Barclays and Dutch rival ABN AMRO has finally announced that Barclays has concluded ABN acquisition deal worth just over 67 billion euros or $91.2 billion....
made popular Apr 23 2007
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