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Dexia to be nationalised (Trois pays au secours de la banque franco-belge Dexia).
(From Le Monde)
Struggling Franco-Belgian bank Dexia is to be bought out by the governments of France, Belgium and Luxembourg after the three countries hammered out a takeover deal on Monday night. Belgium is to invest 3bn euros, while the French government will invest the same amount via its banking arm, Caisse des Depots et Consignations (CDC). Luxembourg will hand over 376m euros to take control of Dexia BIL, the local subsidiary of the ...
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