Sunday, 9 October 2011

Belgium nationalizes Dexia subsidiary for €4 bln

BRUSSELS - Dexia says the Belgium state will buy its Belgian subsidiary for €4 billion as part of a restructuring of the bank amid a severe liquidity squeeze. Dexia is the first large European bank to need a state bailout since the financial crisis of 2008. Dexia said Monday that Belgium, France ...


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