Dutch bank nationalised

The Netherlands has nationalised banking and insurance group SNS Reaal at a cost of €3.7bn - averting a threat to the Dutch financial system.

Fri, 01 Feb, 2013 - 17:25

The Netherlands has nationalised banking and insurance group SNS Reaal at a cost of €3.7bn - averting a threat to the Dutch financial system.

The Dutch state's intervention was prompted by "huge blunders" made by the bank's top management costing the taxpayer huge amounts of money.

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