ICBC to buy Fortis' US broker-dealer unit
01 November 2010 New York
Image: Shutterstock
Industrial and Commercial Bank of China is to buy the US broker-dealer operations of Fortis Bank.
Fortis Securities currently has around 75 customers and will be sold for a token one dollar. Its current owner, BNP Paribas, took control when it acquired Fortis Bank in 2009, even though it already has its own operations in the country.
Fortis Securities currently has around 75 customers and will be sold for a token one dollar. Its current owner, BNP Paribas, took control when it acquired Fortis Bank in 2009, even though it already has its own operations in the country.
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