"Sometimes it's tough to be left out in the cold when your rivals are being granted state-backed capital replenishment. That's why banking and insurance provider KBC said Monday that it would sell $4.4 billion worth of stock to the Belgian government, in a bid to lift its core Tier 1 capital ratio to over 8.0% and better compete against recapitalized firms like Dexia and ING. "

Comments: Be the first to add a comment

add a comment | go to forum thread