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Home | Dexia rescued and dismantled

Dexia rescued and dismantled

  • October 09, 2011
  • Dexia has been rescued by the governments of Belgium, France and Luxembourg, confidence in the bank having been hit by its exposure to Greek and Italian sovereign debt, and an over reliance on short-term funding. The Belgian state is acquiring Dexia Bank Belgium for €4 billion, with the deal tempered by an earn-out mechanism in [...]

  • Read more at:http://www.bankingtimes.co.uk/2011/10/10/dexia-rescued-and-dismantled/
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