According to the Shareholder Circular ( of November 20 ) in this week large withdrawals by business customers continued, causing further liquidity problems.
According to the Shareholder Circular ( of November 20 ), the Belgian Government in this weekend threatened to disown Fortis Bank outright, paying only a token € 1 ( total ); the Board of Directors felt they had done well to hold out for the € 4. 7 billion, so as to have a least some shareholder value remaining in Fortis Group.
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