Eurovision Bailout Contest

Eurovision Bailout Contest

Mapping the meltdown across the Atlantic.

Posted Monday, October 6, 2008 - 4:15pm

 

Bank: Fortis; high-end retail, commercial and investment bank, and insurer

Head offices: Brussels, Belgium; Utrecht, Netherlands

Assets: 445 billion euros in assets (2007)

Major actions: Sept. 29: The Belgian, Dutch, and Luxembourgian governments buy a 49 percent stake in Fortis’ banking operations in their respective countries for 11.2 billion euros.

Oct. 3: Dutch operations entirely nationalized by Dutch government for 16.8 billion euros.

  • Comment Comment
  • RSS RSS

Comments

  • 0 Total
  • • Pending Comments 0
  • Login or register to post comments
Read more comments