Belgian, Dutch and Luxembourg governments in partial nationalisation of Fortis banking/insurance group; UK to nationalise Bradford & Bingley - its biggest lender in buy-to-let market
Sep 29th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Belgian, Dutch and Luxembourg governments on Sunday, agreed a partial nationalisation of the Fortis banking and insurance group, while in London, on Sunday night, the UK government was preparing to nationalise Bradford & Bingley, Britain's biggest lender in the buy-to-let market, after agreeing a deal with the Spanish bank Santander, which will buy the UK mortgage lender’s £21bn deposit book and branch network for about £600m.