Fortis Luxembourg Bank’s situation is catastrophic, when on Friday, September 26, 2008 Luc Frieden, Luxembourg’s Minister in charge of the financial sector calls the bank’s CEO. The subprime crisis and the reckless takeover of the giant ABN AMRO, by its Belgian parent, Fortis Group, has left Fortis Luxembourg on the brink of bankruptcy. A Luxembourgish team led by the Minister ...
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