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Old 01-29-2008, 05:59 PM
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Post Fortis faces sub-prime losses

Belgian-Dutch bank Fortis has confessed it could face a write-down of €1 billion (£743 million) following its exposure to the sub-prime mortgage crisis in America. The news follows rumours about the bank’s potential hit from sub-prime losses. In addition, Fortis could lose an additional €1 billion in profits as a consequence of the sub-prime collapse, [...]

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