Dexia
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May 23 (Reuters) - Belgium and France asked the European Commission on Monday to extend 45 billion euros ($57 billion) of secured state guarantees obtained by bailed-out lender Dexia late last year, business daily Les Echos reported, citing sources... Full Article at Reuters
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DealBook » Wells Fargo to Expand Mutual Fund Business | Michael Niedermeyer, who runs Wells Fargo’s $444 billion asset management division, said he plans to double the size of the unit within seven years by expanding abroad as European rivals pull... Full Article at Dealbook
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A picture taken on May 10, 2012 shows the towers of (LtoR) French state-owned nuclear giant Areva, French-Belgian bank Dexia, French energy giant Total and French energy company GDF Suez in the business district of La Defense, outside Paris. View Photo »
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It’s not so much that Dexia won — which clearly it turned out that they did — it’s more, is there enough savings to make this work?
SOURCE: Columbus Dispatch -
Dexia has been back in the spotlight in recent weeks, amid concerns it may need a fresh lifeline. The European Commission is still looking into the rescue Dexia received last October, which included debt guarantees from the Belgian, Luxembourg and... Full Article at Wall Street Journal
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To order presentation-ready copies for distribution to your colleagues, clients or customers, use the Order Reprints tool at the bottom of any article or visit www.djreprints.com BRUSSELS—Dexia SA has announced a shake-up of its board, bringing in... Full Article at Wall Street Journal
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Deutsche Bank sought to sell asset-management businesses overseeing almost 400 billion euros ($513 billion) to Guggenheim Partners LLC before talks broke down. The firms may reach a deal for the bank’s real estate and infrastructure unit, the lender... Full Article at Bloomberg.com
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Jean-Luc Dehaene, chairman of Dexia NV-SA, leaves a general ordinary meeting of Dexia, on May 9, 2012 in Brussels. View Photo »
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These agreements are financially valuable to Dexia because the district is paying ... interest rates equal to the rates on the original bond offerings, which are much higher than today’s very low rates
SOURCE: Columbus Dispatch -
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En tenslotte kan men zich afvragen of de vergelijking tussen het faillissement van een zakenbank als Lehman, waar gewone spaarders geen rekeningen hadden, wel te vergelijken valt (ook inzake de noodzaak tot overheidsingrijpen) als een faillissement van... Full Article at LVB.net - de weblog van Luc Van Braekel
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Other banks have sold asset management businesses in recent years or are trying to do so, including Rabobank selling its Robeco funds unit, and there are sales underway at Deutsche Bank (DBKGn.DE) and Dexia (DEXI.BR). "From a regulatory capital... Full Article at Reuters Mobile
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Other banks have sold asset management businesses in recent years or are trying to do so, including Rabobank selling its Robeco funds unit, and there are sales underway at Deutsche Bank and Dexia. "From a regulatory capital perspective, we could see... Full Article at Business Standard
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Wikipedia
Dexia (Euronext: DEXB, Euronext: DX, LuxSE: DXB) is a Belgian-French financial institution, specialized in public finance. It was founded in 1996 through the merger of Crédit Communal de Belgique/Gemeentekrediet van België (founded 1860) and Crédit Local de France (founded 1987). The Dexia Group was founded as a dual-listed company, but in 1999... Full Article At Wikipedia.org
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