The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: butschi2 who wrote (151529)	9/28/2008 11:13:12 AM
From: Jim McMannis	Read Replies (1) of 306849

iht.com Regulators meet on Fortis as reports say it may be sold ReutersPublished: September 28, 2008 Fortis and financial authorities were scrambling on Sunday to restore confidence in the Belgian-Dutch financial group after its dramatic share drop last week and nomination of a new chief executive, sources familiar with discussions told Reuters. Dutch and Belgian media reported that BNP Paribas was a potential buyer for all of Fortis or Dutch bank ABN AMRO, which Fortis acquired as part of a consortium a year ago, while Dutch rivals ING or Rabobank might be eying Fortis's private banking. The banks declined to comment on the reports. At the same time, financial authorities in Belgium and the Netherlands were preparing to provide reassurances on the integrity of the Benelux financial system, after holding intense discussions late into Saturday evening, a source familiar with the situation told Reuters.

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