The 14-strong board at Belgo-Dutch financial services group Fortis is meeting in Brussels on Friday afternoon to discuss reactions to its plans to boost group solvency by €8bn.

Any decision will not be announced until after the stock exchanges close. But sources widely expect the board will announce that CEO Jean-Paul Votron is stepping down.
Votron has been under fire for earlier saying that the bank’s financial position was secure. Belgian newspaper De Standaard is tipping Belgian banker Filip Dierckx for the top job.