Hints and tips:
...Activist short seller Muddy Waters, who had been short the stock since May 2019, followed up with a series of open letters to Fortis....
...There’s been little news of the complaints since, except for Solutions 30 chief executive Gianbeppi Fortis’ comments on a April 29 conference call that it was “closely cooperating with market authorities...
...Fortis and Dexia, with an estimated €3.8bn and €3bn of holdings of Greek bonds, face exposures proportional to their tangible net asset value of 64 per cent and 35 per cent respectively, according to analysts...
...Qatar Holding LLC and the Government of Singapore Investment Corporation (GIC) have agreed to underwrite a significant portion of the rights issue, the banks said....
...The arm of Belgian-Dutch group Fortis now owned by the Dutch government is pressing ahead with plans to sell Intertrust, a tax administration and structuring business....
...Mr van Aken used to be head of investment specialist solutions at Fortis Investments....
...But some of this could be lost by spinning it out of FBN, such as referral fees for recommending clients use Fortis as their bank....
...● PSigma Investment Management has hired Geoff Cooper for its investment team from Fortis Private Investment Management....
...Debt financing for the deal was provided by ING, JPMorgan, Mediobanca, HSBC, Société Générale, Unicredit, Erste Group, Calyon, Fortis, Intesa San Paolo, Barclays, WestLB, and KFW....
...● Lombard Odier has hired Stéphane Monier from Fortis Investments as global head of fixed income and currencies....
...EMCF is a small European clearer which already clears for Chi-X Europe and is owned by Fortis, the Dutch bank, and Nasdaq OMX, the transatlantic exchange....
...In Brussels, Chinese insurer Ping An tried to block the forced sale of Fortis Bank....
...●Fortis Investments has unveiled the Clean Energy Fund, in which Fortis Bank is making a €50m (£40m, $71m) investment....
...Australia Bank – Statement (via Business Spectator) - Anheuser-Busch reportedly holds talks with InBev, which has indicated it might pay more than $65 per share – NYT - Jean-Paul Votron’s position as CEO of Fortis...
...Banks trawled along the bottom of the market, with Belgo-Dutch Fortis tumbling by a spectacular 83.9 per cent to €0.87 after the bank announced a dramatically reduced business model earlier this week....
...Up to three more alternative European equities platforms are in the pipeline in addition to the previously announced ventures such as Turquoise, BATS Trading and Equiduct, according to Fortis, the Belgo-Dutch...
...The Belgo-Dutch group Fortis plunged 26.5 per cent to €0.87 and Anglo Irish Bank fell 10.3 per cent to €2.02 while Bank of Ireland shed 8.4 per cent to €1.85....
...Anheuser-Busch, backed by at least $40bn of debt, notes Freke (as the FT reports Friday that InBev’s planned $40bn of debt financing would come from banks including Santander, BarCap, BNP Paribas, Deutsche Bank, Fortis...
...Fortis, the Belgian bank, agreed in March to sell half its asset management business for €2.15bn to Ping An Insurance in China....
...letters for the financing and have paid approximately $50 million in commitment fees to a lending group comprised of Banco Santander, Bank of Tokyo-Mitsubishi, Barclays Capital, BNP Paribas, Deutsche Bank, Fortis...
...InBev said it would finance the deal with about $40bn in debt from banks including Banco Santander, Barclays Capital, BNP Paribas, Deutsche Bank, Fortis, JPMorgan and Royal Bank of Scotland....
...Belgo-Dutch Fortis lost 2.7 per cent to €13.44 and Spain’s Santander dropped 3 per cent to €12.09....
...after a steep drop in Blackstone shares.Ping An Insurance, the country’s second-largest insurer, has also been blasted for its $2.7bn purchase late last year of 4.2 per cent of Belgo-Dutch financial group Fortis...
...UBS fell 4.6 per cent to SFr50.50, and domestic rival Credit Suisse lost 2.4 per cent to SFr65.50, while Belgium’s Fortis shed 4.9 per cent to €17.15, and Germany’s Commerzbank was 2.6 per cent lower at...
...This is a setback for Royal Bank of Scotland but it seems determined to press ahead with a consortium bid that also includes Fortis and Santander....
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