Belgium to Buy Dexia’s Local Consumer Bank

REPLAY VIDEO
Your next video will start in
Pause
  • Info

  • Comments

Oct. 10 (Bloomberg) -- Belgium agreed to buy the local consumer-lending unit of Dexia SA, ending a 15-year cross-border experiment with France after the European debt crisis deepened. The Belgian federal government will pay 4 billion euros ($5.4 billion) for the division and guarantee 60 percent of a so-called bad bank to be set up for Dexia’s troubled assets, Finance Minister Didier Reynders said at a press conference today in Brussels. Bloomberg's Nicole Itano and Linzie Janis report on Bloomberg Televisions "First Look." (Source: Bloomberg)

Advertisement

BTV Channel Finder

Channel_finder_loader

ZIP is required for U.S. locations

Bloomberg Television in   change