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. ...
Announced plans to merge last October
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In June 2016, immediately before the Brexit referendum, a curious thing happened.
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