Write-Downs Help Send Fortis Q2 Profits Down 50%

  • 04 Aug 2008
Write-downs related to the credit market crisis have helped send second quarter profits at Fortis down by 50% to €830 million ($1.3 billion). The credit-linked write-downs totaled €362 million ($563.5 million), according to Fortis, which added that its structured credit portfolio lost €1.6 billion ($2.5 billion) in the ...

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5 Credit Suisse 9,276.87 26 5.84%