Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

Dutch Seize Bank After Run on Assets

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

BART KOSTER and STEPHEN FIDLER
Wall Street Journal
Tuesday, Oct 13th, 2009

AMSTERDAM — The Dutch central bank shuttered DSB Bank NV, a struggling consumer and mortgage lender, after a run by depositors that followed a call from a consumer group to pull money out of the controversial institution.

The government said it would begin an investigation into what happened at the bank, a privately owned institution with reported assets of some €8 billion ($11.77 billion).

The DSB seizure was described by the government as a one-off situation unconnected with last year’s financial crisis. However, it dealt a further blow to a financial system hit hard by a global credit crunch that resulted in the nationalization of former financial giant Fortis and in multi-billion-euro state bailouts for ING Groep NV and insurer Aegon NV.

The takeover of DSB, which said it had 1.3 million clients, came after weekend talks between the government and the country’s five main banks failed to find a way to save it.

Full article here

Dutch Seize Bank After Run on Assets  260909banner 

This article was posted: Tuesday, October 13, 2009 at 3:46 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
Mysterious Georgia Guidestones Get Strange '2014' Update See the rest on the Alex Jones YouTube channel.

Mystery Surrounds Weird 'Tree' Cellphone Tower in NC See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.