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Dutch central bank takes over DSB

By Michael Steen in Amsterdam

Published: October 12 2009 12:07 | Last updated: October 12 2009 20:43

The Dutch central bank on Monday took control of DSB Bank, a small lender that focuses on mortgages and consumer credit, after a run on the institution following a consumer campaign.

The move came after talks over the weekend to sell the privately held bank – which has about €8bn in assets – to a consortium of the five biggest Dutch banks ended without a deal. The talks collapsed over concerns about possible claims for damages by customers and losses on credits, the central bank said.

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