Fortis

Fortis

Fortis is a Dutch-Belgian banking group that is part of a group bidding for ABN Amro. Follow business news about Fortis and share your opinion about the potential ABN Amro deal.

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ABN Amro reports quarterly loss of 1 bln euros

From:   www.afp.com
Bank group ABN Amro reported a third-quarter net loss of a billion euros (1.5 billion dollars) on Wednesday, a sharp improvement from the outcome in the previous quarter. The figures included a 32-million-euro loss for the Dutch state which gave the bank a three-billion-euro cash boost last week. This brought the bank's losses for the first nine months of the year to 3.6 billion euros, the group said in a statement. A loss of 873 million euros in the third quarter accrued to the parts of ABN Amro's business acquired by the Royal Bank of Scotland (RBS), it added. "The results of the RBS ... Read Full Story

ABN Amro Group reports one billion euro loss

From:   www.afp.com
Bank group ABN Amro reported a third quarter loss of a billion euros (1.5 billion dollars) Wednesday, including a 32 million-euro loss for the Dutch state that gave it a three-billion-euro cash boost last week. This brought its losses for the year to September 30 to 3.6 billion euros, the bank said in a statement. A loss of 873 million euros in the third quarter accrued to the parts of ABN Amro's business acquired by the Royal Bank of Scotland (RBS), it added. "The results of the RBS acquired businesses continue to be impacted by financial and credit market volatility and business transfers," said ... Read Full Story

ABN Amro reports quarterly loss of 1 bln euros

Written by pcorp2008 on
THE HAGUE (AFP) -- Bank group ABN Amro reported a third-quarter net loss of a billion euros (1.5 billion dollars) on Wednesday, a sharp improvement from the outcome in the previous quarter. The figures included a 32-million-euro loss for the Dutch state which gave the bank a three-billion-euro cash boost last week. This brought the bank's losses for the first nine months of the year to 3.6 billion euros, the group said in a statement. A loss of 873 million euros in the third quarter accrued to the parts of ABN Amro's business acquired by the Royal Bank of Scotland (RBS), it added. "The ... Read Full Story

ABN Amro Group reports one billion euro loss

Written by pcorp2008 on
THE HAGUE (AFP) -- Bank group ABN Amro reported a third quarter loss of a billion euros (1.5 billion dollars) Wednesday, including a 32 million-euro loss for the Dutch state that gave it a three-billion-euro cash boost last week. This brought its losses for the year to September 30 to 3.6 billion euros, the bank said in a statement. A loss of 873 million euros in the third quarter accrued to the parts of ABN Amro's business acquired by the Royal Bank of Scotland (RBS), it added. "The results of the RBS acquired businesses continue to be impacted by financial and credit market volatility ... Read Full Story

Deutsche Bank says it will buy parts of ABN Amro

From:   www.afp.com
The biggest German bank, Deutsche Bank, said Tuesday it would buy parts of the state-owned Dutch lender ABN Amro's activities in the Netherlands for an undisclosed amount. "The assets to be acquired remain the same as those in the original agreement announced on July 2, 2008. Negotiations continue on final terms and conditions" with the Dutch finance ministry, a statement said. The deal, targeting parts of the Dutch bank's commercial banking activities, is subject to approval by ABN Amro, Deutsche Bank's supervisory board, the Dutch central bank and regulatory authorities, it added. In September, Deutsche Bank had said it would abandon negotiations for the ... Read Full Story
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Former finance minister struggles to keep ABN Amro afloat
A year ago former finance minister Gerrit Zalm was heralded as the saviour of nationalised bank ABN Amro. But now even his boss - finance minister Wouter Bos - has doubts whether he should continue running it after the ABN Amro/Fortis merger is ...  
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ABN Amro reports euro32 million loss in Q3
The Netherlands nationalized the Dutch banking operations of ABN Amro Group and of their would-be acquirer Fortis last year as Fortis teetered on the edge of bankruptcy. On Oct. 20, the state reached an agreement with the EU Commission to merge those ...  
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ABN Amro reports billion-euro quarterly loss
Bank group ABN Amro reported a third-quarter net loss of euros 1 billion ($A1.63 billion) on Wednesday, a sharp improvement from the outcome in the previous quarter.  
From news.smh.com.au ()
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Netherlands to Inject $4.5 Billion in New ABN Amro, Fortis Bank
Nov. 19 (Bloomberg) -- The Netherlands plans to invest an additional 3 billion euros ($4.5 billion) of cash in ABN Amro Holding NV’s Dutch unit and Fortis Bank Nederland NV as the government merges the two bailed out lenders. In addition, 1.4 ...  
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Goldman, ABN misled investors during IPO: court
AMSTERDAM (Reuters) - ABN AMRO, Goldman Sachs and World Online misled investors during the 2000 initial public offering (IPO) of the Dutch Internet provider, the Dutch Supreme Court ruled on Friday.  
From reuters.com ()
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Three billion euros for merger of Dutch banks
The Dutch government is injecting another 3 billion euros into two major banks, ABN Amro and Fortis Bank. The money is needed to help the two merge into a single banking company. Sources in The Hague say this is likely to be the last time the banks' capital will be propped up in this way. ABN Amro and Fortis were nationalised one year ago. In June, Finance Minister Wouter Bos said he was investing 2.5 billion euros in the two banks.  
From radionetherlands.nl ()
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TIMELINE-Two years of struggle for ABN AMRO
Nov 19 (Reuters) - The Dutch government is injecting another 3 billion euros ($4.5 billion) cash into nationalised bank ABN AMRO [ABNNV.UL], the latest chapter in the complicated takeover, collapse and nationalisation of the Dutch institution. [ID:nLJ718602]  
From reuters.com ()
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