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Updated from Sunday, Sept. 28
The next big bank rescue will happen on the other side of the Atlantic.
The governments of Belgium, Luxembourg and the Netherlands agreed Sunday to inject 11.2 billion euros ($16.37 billion) into Fortis NV, the troubled Dutch-Belgian bank.
Government officials and Fortis management had been looking for a buyer or buyers but were unsuccessful, the Wall Street Journal reported said, citing people familiar with the situation. Potential buyers had included ING Groep NV(ING Quote) of the Netherlands and French bank BNP Paribas SA, the Journal added. ...
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