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Financial services group SNS Reaal to be nationalised

Friday 01 February 2013

Financial services group SNS Reaal, in trouble because of heavy losses at its Property Finance division, is to be nationalised, the finance ministry said on Friday.

The decision has been taken in connection with the 'stability of the financial system', finance minister Jeroen Dijsselbloem said in a statement.

More to follow

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Readers' Comments

Ah, so we get to bail out another bank at the taxpayer's expense, and the banks suck another great load of tax money for their failures?

By a voter... | 1 February 2013 9:17 AM

noe-liberalism : privatize benefits and nationalize losses

By bird | 1 February 2013 9:40 AM

This is bad, I would leave it to go down the drain instead of putting another load on the taxpayers shoulders.

By George | 1 February 2013 9:46 AM