EC To Review Nationalization Of Lender: Report
A source told Dow Jones that the U.K.’s move on Monday to nationalize the firm could breach E.U. laws prohibiting state subsidies to struggling companies.
However, the commission is not expected to investigate a €11.2 billion plan by three countries to purchase shares of Dutch-Belgian bank and insurance goliath Fortis NV, according to the source. Belgium, Luxembourg and the Netherlands said on Sunday...
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