Fortis gets €11.2bn rescue

Fortis, the Dutch-Belgian bank whose roots date to the 1800s, became the latest target of a government rescue.

The governments of Belgium, Luxembourg and the Netherlands, the three countries in which Fortis operates, agreed late Sunday to inject €11.2bn ($16.37bn) into the bank. The lifeline came after France's BNP Paribas and Dutch financial firm ING Groep walked away from talks to acquire the company over the weekend.

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