Regulators hang tough at KBL private bank

Sorting out European banks after the financial crisis was never going to be easy – and it is being made all the more difficult by the tough stance of regulators

Sorting out European banks after the financial crisis was never going to be easy – and it is being made all the more difficult by the tough stance of regulators.

Following nine months of consultation, they have aborted the Hinduja Group's €1.35bn purchase of private banking group KBL European Private Bankers from Belgian bank KBC.

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