OPINION: Fortis tries to pull wool over eyes

Anthony Hilton - 03-Jul-08

First it was the Royal Bank of Scotland and now it is Fortis of Belgium. When RBS announced that it was to raise £12bn of new capital from shareholders to pay for the costs arising from its decision to acquire Dutch bank ABN Amro last summer, it sought to plant the thought in the media that the deal had been done before the credit crunch.