Bailout of Kbc Sparks a Peel Hunt Sell-Off Buzz [Edition 2]
Evening Standard - London › May 14, 2009
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Summary
THE owner of City stockbroker KBC Peel Hunt, Belgian bank KBC, today recorded a EUR 3.6 billion (Pounds 3.2 billion) first-quarter loss and was rescued for the third time in eight months by the Belgian government.
Ministers have agreed to give a EUR 22.5 billion guarantee on its high-risk assets, having already injected EUR 5.5 billion into the bank since October.See the full content of this document
Extract
Bailout of Kbc Sparks a Peel Hunt Sell-Off Buzz [Edition 2]
The loss, caused by a EUR 3.8 b...
See the full content of this document
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