Fortis
Company and Financial Services Company
FACTBOX-World's top 10 rights issues...Group Nov 09 22.3 13.5 pounds 22.1 2. HSBC <HSBA.L> Apr 09 21.8 13.2 pounds 19.4 3. RBS <RBS.L> Jun 08 20.4 12.3 pounds 24.4 3. Fortis <FOR.BR> Oct 07 20.3 13.6 euros 19.3 5. UBS <UBSN.VX> May 08 15.8 16.0 Swiss francs 15.4 6. Rio Tinto... In this article: Bad debt, Fortis, Enel, Thomson Reuters, Rio Tinto, Santander, RBS, and HSBC |
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MarketWatch.com - MarketPulse | 10 hours ago
Manulife Asset buys out Fortis stake in China fund
HONG KONG (MarketWatch) -- Manulife Asset Management Hong Kong Ltd. said Tuesday it has signed an agreement to buy Fortis Bank SA's /quotes/comstock/11i!forsf (FORSF 4.32, -0.47, -9.89%) stake in a fund for 105 million euros ($157 million)...
In this article: MarketWatch, China, and Hong Kong
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Reuters | 17 hours ago
UPDATE 1-Manulife to buy China fund manager stake
...Chinese fund ventures -- SYWG BNP Paribas Asset Management Co, Fortis Haitong Investment Management Co and ABN AMRO TEDA, after taking over Fortis <FOR.BR> of Belgium earlier this year. Since the global economic crisis took major competitors...
In this article: Manulife, China, BNP Paribas, Aberdeen Asset Management, Morgan Stanley, and Credit Suisse
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Sydney Morning Herald - World | 1 day ago
Gold hits record high past $1,160 per ounce
The sentiment in the gold market really changed since the IMF gold sale to India's central bank," said Wallace Ng, chief gold dealer at Fortis in Hong Kong. This story is sourced direct from an overseas news agency as an additional service...
In this article: International Monetary Fund, Hong Kong, India, Wall Street, London, and US
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FT.com - Companies | 4 days ago
ABN Amro and Fortis set for EUR4.4bn bail-out
...the groups' final bail-out. The government stepped in to nationalise FBN and the Dutch assets of ABN for EUR16.8bn a year ago when Fortis, their former owner, collapsed. Over the summer, the Dutch state provided ABN with a further EUR2.5bn...
In this article: ABN AMRO, Deutsche Bank, Wouter Bos, EU, Banco Santander, and Royal Bank of Scotland
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Reuters | 5 days ago
TIMELINE-Two years of struggle for ABN AMRO
...euros into Fortis, taking 49 percent stakes in the group's banks in their territories. Fortis agrees to sell its parts of ABN AMRO. Oct 1 - Fortis is blocked by regulators from selling ABN AMRO assets to Deutsche Bank. Oct 3 - The Dutch...
In this article: ABN AMRO, Deutsche Bank, Royal Bank of Scotland, EU, Royal Bank of Scotland Group, Barclays, and Santander
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BBC News | 7 days ago
Belgian insurer Fortis in profit
Fortis is back making profits after a horrendous year Belgian insurance group Fortis has reported a profit for the third quarter of the year. It made net profits of 196m euros ($293m; GBP177m), with all divisions contributing, and said...
In this article: Revenue, Credit crunch, ABN AMRO, Santander, Royal Bank of Scotland, Europe, and Mexico
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FT.com - Companies | 7 days ago
Fortis performs well as inflows rise
...a partial nationalisation by the governments of Belgium, Luxembourg and the Netherlands. The Dutch state took control of the Netherlands operations. France's BNP Paribas took control of Fortis Bank and a quarter of Fortis Insurance Belgium.
In this article: Belgium, BNP Paribas, Europe, Netherlands, Asia, and Brussels
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Reuters | 7 days ago
UDPATE 1-Fortis sees at least steady inflows after Q3 profit
...Netherlands. The Dutch state took control of the Netherlands operations. France's BNP Paribas took control of Fortis Bank and a quarter of Fortis Insurance Belgium. ($1=.6685 euros) (Reporting by Philip Blenkinsop; Editing by Greg Mahlich)
In this article: Belgium, BNP Paribas, Europe, Netherlands, and Asia
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FT.com - Companies | November 05, 2009
BNP sees benefits of Fortis purchase
...third-quarter results at BNP Paribas on Thursday, as France's biggest bank reaped the benefits from its recent acquisition of Fortis bank. BNP Paribas reported net profit of EUR1.3bn ($1.9bn) in the three months to the end of...
In this article: BNP Paribas, Christine Lagarde, Tax, European Union, Lloyds, RBS, and French Banking Federation
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Reuters | November 05, 2009
UPDATE 1-Fortis Q3 net profit falls 27 pct
* Q3 EPS C$0.21 vs C$0.31 year-ago * Revenue falls 9 pct Canadian gas and power utility Fortis Inc <FTS.TO> said on Thursday its third-quarter net profit fell 27 percent, as the year-earlier period saw one-time tax reductions of C$12...
In this article: Revenue, Fortis Inc, Terasen, British Columbia, Bangalore, Caribbean, and Canada
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Description from Wikipedia:
Fortis (Euronext: FORA, Euronext: FORB, ) is a banking, insurance, and investment management company, and is the 20th largest business in the world by revenue. The Benelux countries are Fortis' home base and its strength. Fortis' banking operations include network (retail), commercial, and merchant banking; its insurance products include life, health, and property/casualty lines. Products are sold through independent agents and brokers, financial planners, and through Fortis Bank branches. It is listed on the Euronext Brussels, Euronext Amsterdam, and Luxembourg stock exchanges.
- Name:
- Fortis SA/NV (B) / Fortis N.V. (NL)
- Type:
- Public (Euronext: FORA, Euronext: FORB, )
- Region:
- Brussels, Belgium and Utrecht, the Netherlands
- Founded:
- 1990
- Industry:
- Financial services
- Key People:
- Filip Dierckx (CEO since 27 September 2008)
- Products:
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- Insurance
- Investment bank
- Commercial bank
- Revenue:
- €120.5 billion (2007)
- Net Income:
- €4.074 billion (2007)
- No. of Employees:
- 56,866 (2006)
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