Financial Briefs

Breaking financial news from Wall Street to Main Street

‘No chance’ of Fortis going bankrupt: CEO

Posted by financialbriefs on September 26, 2008

There is “not a single chance” that Belgian-Dutch banking and insurance group Fortis will go bankrupt, its chief executive officer Herman Verwilst said Friday.”There is not one single chance that we will face issues in that respect,” he said when asked of the possibility of bankruptcy during a telephone conference with media.

The company’s shares took a beating for a second day Friday amid liquidity concerns brought on by turmoil in world financial markets

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