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Netherlands: ABN-Fortis won't be sold before 2011

AP — Fri, 21 Nov 2008 16:38:45 +0000

The Dutch government named former finance minister Gerrit Zalm as chief executive of the recently nationalized ABN Amro and Fortis banks on Friday, and said the combination will not be privatized before...

EU clears state guarantees for Fortis, Dexia

AP — Thu, 20 Nov 2008 10:14:46 +0000

European Union regulators on Thursday approved state guarantees given to Belgium’s troubled lenders Fortis Bank and Dexia financial group.

Troubled Fortis to pay new CEO euro800,000

AP — Wed, 19 Nov 2008 12:59:46 +0000

There will be no sackcloth and ashes for the management of struggling insurer Fortis, who agreed to lucrative pay packages despite a plummeting share price and a shareholders’ revolt over the handling of the business through the credit...

Belgian court rejects appeal against Fortis sale

AP — Tue, 18 Nov 2008 15:29:37 +0000

A Belgian commercial court on Tuesday threw out a shareholder challenge to the fire sale of troubled bank Fortis to France’s BNP Paribas.

BNP Paribas to take majority stake in Fortis

AP — Sun, 05 Oct 2008 22:09:02 +0000

The Belgian prime minister says French banking giant BNP Paribas will take a majority 75 percent share of troubled bank Fortis NV.

Dutch government buys teetering Fortis operations

AP — Fri, 03 Oct 2008 20:39:30 +0000

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 the troubled bank teetered on the edge of...

Teetering bank is bought by Dutch government

AP — Fri, 03 Oct 2008 17:44:45 +0000

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 edge of...

European bank giant Fortis partially nationalized

AP — Sun, 28 Sep 2008 21:51:47 +0000

The Belgian prime minister says the troubled Dutch-Belgian banking and insurance giant Fortis NV will be partially nationalized.

EU, Belgian officials press to keep Fortis open

AP — Sun, 28 Sep 2008 20:05:42 +0000

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 prevent Fortis NV from going...

Fortis names new chief executive

AP — Fri, 26 Sep 2008 18:40:45 +0000

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.