The collapse of Dexia Bank
has led to a void in financing that France is struggling to fill.
Other companies who became victim of the hacking scandal included Heartland Payment Systems, one of the world's largest credit and debit card payment processing companies; French retailer Carrefour; Dexia Bank
Belgium; and 7-Eleven.
BRUSSELS, Dec 28 (KUNA) - The European Commission Friday announced that it has approved a 90 billion euro bailout by Belgium, France and Luxembourg for the winding up of the Dexia banking group, sale of its subsidiary DMA (Dexia Municipal Agency) and the restructuring of Belfius (formerly Dexia Bank
SeeNews) - Nov 27, 2012 - Belgian state-owned bank Belfius, formerly Dexia Bank
Belgium, wants to reduce the number of its offices by 20 until 2016 which will result in 170 jobs cuts, daily Le Soir said on Tuesday.
1 per cent last year after the administration paid e1/44 billion to nationalise Dexia Bank
Following the recent restructuring of the Group, Dexia Bank
Belgium was transferred to the Belgian state while its shareholding in Dexia AM transferred to Dexia SA.
European banks rely heavily on short-term loans to conduct their business and the vulnerability of that funding played a role in the recent collapse of the French-Belgian Dexia bank
4 bln) to buy Dexia Bank
Belgium, the largely retail Belgian division, which has 6,000 staff and deposits totaling 80 bln euros from 4 mln customers.
Rival Fitch placed Dexia bank
entities on rating watch negative.
Meanwhile, the governments of France, Belgium and Luxembourg vowed to prop up Dexia bank
and insure every cent of its deposits as its share price continued to slide on the Brussels Stock Exchange.
A Turk living in Belgium has returned a total sum of 300,000 Euros he found in a safe during renovation works in the property he bought, which housed a former branch of Dexia Bank
Second overall were Arcapita Bank (14 points) in second position, ahead of third-placers Ohlala magazine (26), IMBB (31) fourth, C Star (33) fifth, Coast Guard (36) sixth, the Italy Embassy team (37) seventh and Dexia Bank