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....
At company since 2012
Investment Week editor Katrina Lloyd is joined by a panel of industry experts to discuss the US economy, presidential election, and prospects for equity markets.
Following the crescendo of the European sovereign debt crisis in 2011, scepticism plagued investors across the continent, leaving the economy in a fragile, lethargic state.
Only 26% of investment trusts launched between 2000 and 2009 are still going strong, while the rest have been wound up due to poor performance, wide discounts or because their mandate is no longer relevant, according to Numis Securities.
Gubriy appointed head of global REIT funds