Fortis faces sub-prime losses - Finance & Money Forums

		Finance & Money Forums > Finance > Banking
Fortis faces sub-prime losses

Banking Discussions about banking andand saving directly with your bank.

Thread Tools

#1 (permalink)

01-29-2008, 05:59 PM

Finance News Finance News is offline

Senior Member

Join Date: Sep 2007

Posts: 3,713

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, [...]

More: Fortis faces sub-prime losses

« Massive fraud hits French bank Societe Generale | Competition Commission exposes banks’ huge profits from PPI »

Thread Tools
Show Printable Version Email this Page

Posting Rules
You may not post new threads You may not post replies You may not post attachments You may not edit your posts BB code is On Smilies are On [IMG] code is On HTML code is Off Trackbacks are On Pingbacks are On Refbacks are Off Forum Rules

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Rogue trader made profit; SocGen caused losses	Finance News	Banking	1	01-29-2008 02:31 PM
£1.5 billion losses expected at RBS	Finance News	Banking	0	12-03-2007 06:37 PM
Prime London property market slows	Finance News	Property	2	11-06-2007 05:07 PM

All times are GMT +1. The time now is 11:23 AM.