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>> LTRO Latest News

FEB 01, 2013 - Zero Hedge

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Dutch SNS Bank Fails On Real Estate Losses: First "Too Big To Fail" Nationalization In Five Years

Earlier today we got one hint that not all is well in the European banking system, as far less than the expected €200 billion was tendered back to the ECB in the second LTRO repayment operation, when just 27 banks paid back some €3.5 billion. Another, perhaps far bigger one, comes courtesy of AAA-rated Netherlands, which just experienced its first bank failure since 2008 following the nationalization of SNS Reall NV, as the previously announced bad loan writedown finally claimed the bank. As a reminder, half a month ago we got news that "SNS Reaal NV (SR), a Dutch bank and insurer struggling ... Read More

Tags: Dutch SNS Bank Fails On Real Estate Losses: First "Too Big To Fail" Nationalization In Five Years,  Ltro Latest News