Dexia's chairman and CEO resigned on Tuesday, a day after the Franco-Belgian bank's shares lost almost a third of their value; Belgian, French and Luxembourg governments have agreed to inject 6.4 billion euros into the troubled bank.
Earlier Tuesday, the Belgian, French and Luxembourg governments agreed to pump fresh capital into the banking group, after its shares plummeted by nearly 30 percent on Monday.
Earlier Tuesday, the Belgian, French and Luxembourg governments agreed to pump fresh capital into the banking group, after its shares plummeted by nearly 30 percent on Monday.
Shares in Dexia, which had been suspended at the request of authorities most of the morning, surged over 10 percent once trading was resumed.
Dexia, whose corporate motto is "short term has no future", has run into trouble supporting its US bond insurer FSA, which has suffered from exposure to the slumping US mortgage market.
Marion Leenknegt
1 opmerking:
Dexia's chairman and CEO resigned on Tuesday, a day after the Franco-Belgian bank's shares lost almost a third of their value; Belgian, French and Luxembourg governments have agreed to inject 6.4 billion euros [euro] into the troubled bank. [this is a run-on sentence: two sentences that you have just put together in one sentence]
Earlier [on] Tuesday, the Belgian, French and Luxembourg governments agreed to pump fresh capital into the banking group, after its shares plummeted by nearly 30 percent on Monday.
Shares in Dexia [Dexia shares] , which had been suspended at the request of [the] authorities most of the morning, surged over 10 percent once trading was resumed.
Dexia, whose corporate motto is "short term has no future", has run [ran] into trouble supporting its US bond insurer FSA, which has suffered [suffered] from exposure to the slumping US mortgage market.
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