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Fallout for Dutch-Belgian Bank: With Bailout, Fortis Is Back Where it Started - SPIEGEL ONLINE - News - International

With the forced sale of its Netherlands activities of ABN Amro, Dutch-Belgian banking and insurance company Fortis will be back were it started. In a little over a year, Fortis has changed from a prestigious financial institution to a pariah in the banking world.


Fortis headquarters in Brussels

Over-confidence, bluff and arrogance have proved an almost fatal cocktail for Fortis which was saved from collapse by a financial injection of almost €11.2 billion on Sunday.

by Fran on Tue Sep 30th, 2008 at 03:26:15 PM EST
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