In October 2007 Fortis, RBS and Banco Santander bought ABN AMRO, outbidding rival Barclays Bank. The acquisition came just as the crisis broke out, and directly contributed to the downfall and bailout of RBS (by the UK government) and Fortis (by the Dutch, Belgian and Luxembourg governments). The 34% of ABN AMRO that was acquired by Fortis was nationalised by…
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