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Shares of Dexia , Fortis' biggest rival in Belgium, fell 18.8%. "BNP Paribas has a bigger exposure in Belgium now," said Paul Van Beijsens, an analyst with Theodoor Gilissen. "It's a nearby ...
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. BNP Paribas is set to take control of Fortis Bank after a deal was struck late Friday between the French ...
French banking giant BNP Paribas will take a 75 percent stake in the remaining operations of troubled bank Fortis NV, the Belgian government announced Sunday. Prime Minister Yves Leterme said the ...
Now you get a bail-out of Fortis, now you don’t ... After watching Santander’s bold sorties, BNP Paribas is now playing the role of consolidator that many observers have been expecting ...