Belgium over the weekend will seek to carve out and nationalise the Belgian arm of Dexia from the rest of the ailing bank, whose board will meet on Sunday to formalise a dismantling of the multinational lender, people close to the talks said.
The Belgian government met twice on Friday to see how it could extricate its slice of Dexia with a minimal impact on the public purse.
Dexia, which is based in Brussels but has large French operations and share ownership, is in the process of being bailed out after it was laid low by funding concerns and exposure to souring eurozone debt.
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