UK financial industry in Crisis.

Last fortnight it was US financial industry, this week it is the turn of UK. Fortis, one of the largest bank in the UK region filed for bankruptcy. Three countries Belgium, Netherlands and Luxembourg, pumped in 16.5Bn$ to revive the ailing bank, after Investors loss confidence into the Fortis. With the outcome of the news, both Asian and European market remained week, with BSE sensex ended 18 months low. So it is sure that the market sentiments are all time low, and markets will remain tensed for much bigger time.

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Thanks&Regards,
Mohit