KBC To Shed Units, Amp Up Cross-Border Sharing

Law360, New York (October 9, 2012, 1:19 PM EDT) -- Belgium-based KBC Group NV is gearing up for a major restructuring effort that will see it shed units and bolster cross-border efficiencies among its businesses, the banking and insurance group announced Monday.

In an effort to further strengthen its business after a tumble in the economic downturn, the group plans to ax any activities that don't meet its new targets and will focus on its strongest core markets in Belgium, the Czech Republic, Hungary, Slovakia and Bulgaria. It will also, however, set up a new, separate...
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