Fortis Takes Subprime Related Write-down

07 Mar 2008

Fortis, the Dutch-Belgian bank, took a subprime-related write-down en route to a fourth quarter net profit of €414 million ($635.22 million), reports The Wall Street Journal. The fourth quarter profit compares with a €749 million ($1.15 billion) profit in the comparable period last year. The write-down led to ...

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