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the same basically happened with the ABN AMRO bank in the Netherlands. Goverment did a bailout and turned the bank into a state owned enterprise until recently
by kazen44 7y ago
the same basically happened with the ABN AMRO bank in the Netherlands.
Goverment did a bailout and turned the bank into a state owned enterprise until recently.
- w1nst0nsm1th 7y agoWith Fortis, in Belgium, the government bought back the bad loans and handed the remaining of the whole bank to BNP Paribas for 1€... There have been some kind of "understanding" betweens the finance minister of that time and a big belgian investor having stakes in BNP Paribas. Yseterday the same minister was elected President of the european Council.