KBC Sued Over CDO

Van de Velde, the Belgian lingerie group, has sued KBC over losses it sustained from collateralized debt obligations it bought from the Belgian bank.

  • 30 Jul 2010
Van de Velde, the Belgian lingerie group, has sued KBC over losses it sustained from collateralized debt obligations it bought from the Belgian bank. Van de Velde said it has fully written down the EUR3.45 million (USD4.5 million) CDO. KBC, which reached a settlement with an activist investor ...

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