woensdag 7 oktober 2009

Banks no longer government's property?


It seems like the financial sector is climbing out of its drain little by little.

This news was confirmed on the sixth of october by the registration of the best day the bel20 had known for months, in which some banks played major roles.

The KBC group knew a very strong growth of 15%, through which the bank would be able to buy out the government.

But, insiders think this won't happen too soon because of the capital increase and the high expenses that would be necessairy to complete the transaction.

Els Van Impe

source: De Standaard, 7 oktober 2009

1 opmerking:

EcoEnglish zei

Clear message and focus but the strong influence of Dutch and the accuracy errors seriously hamper flow

S1: awkward choice of words: drain

S2: on 6 October
S2: wordy: This was underscored by the Bel20's best daily performance in months...

S3: you cannot use 'know' as you do in Dutch - The KBC group recorded very strong growth [not a growth]...

S3: style: ..., enabling them to buy out government shares.

S4: style: However,...
S4: spelling: necessary