Dexia, the Franco-Belgian bank, has agreed to nationalise its Belgian banking division and secure state guarantees as part of a multi-billion euro rescue plan.
Belgium will pay €4bn (£3.45bn) to buy Dexia Bank Belgium, the largely retail Belgian division, which has 6,000 staff and deposits totaling €80bn from four million customers, the Telegraph reports....
More guidance in August Inflation Report
Long-term growth potential is key
Positive return prospects for asset class
Valuation do not provide margin for error on downside
Too early to take a stance