Monday, September 29, 2008
Fortis is the next bank to be nationalised
The Belgian, Dutch and Luxembourgian governments have taken 49% stakes of the subsidiaries in their respective countries. I'm not sure where that leaves the UK subsidiary. They have a few branches in this country which mainly deal with business and high net worth clients. They are also one of the largest car insurers in the country, selling policies through the likes of HSBC.