BRUSSELS - A Brussels court said Tuesday it could not judge a complaint by about 2,400 small shareholders seeking to block the break-up of Belgian-Dutch banking and insurance group Fortis. The court said it could not issue a ruling on the actions o
PARIS, Dec 1 – The integration of BNP Paribas Fortis, the largely Belgian arm of French bank BNP Paribas, will lead to annual savings of €900m ($1.35bn) by 2012, BNP has said.The business will boost earnings as early as next year before restructurin
The Dutch state plans to provide ABN Amro and Fortis Bank Nederland, two nationalised banks, with a further €4.4bn in capital to keep their merger on track in what the government said would be the groups’ final bail-out.The government stepped in to
A strong rebound in investment banking profits drove better-than-expected third-quarter results at BNP Paribas on Thursday, as France’s biggest bank reaped the benefits from its recent acquisition of Fortis bank.BNP Paribas reported net profit of €1
Tesco took another step in its drive to become a big player in the British consumer financial services industry on Friday, after the supermarket group announced a partnership with Fortis of the Benelux to sell household and motor insurance in the UK
Fortis Holding shareholders are bracing themselves for another year of uncertainty as the legacy of last year’s rescue package that ensured the Belgian financial group’s survival becomes clearer.But within this uncertainty, there is potentially some
PARIS, Aug 4 - BNP Paribas, France’s biggest bank by market capitalisation, posted a 6.6 per cent rise in second-quarter net profit as its acquisition of Fortis assets boosted earnings.Net profit rose to €1.604bn ($2.29bn), while its gross operating
At a time when governments are launching a fierce assault on tax havens, the Fortis arm now owned by the Dutch government is pressing ahead with plans to sell a tax administration and structuring business.While it might seem an inopportune time to s
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