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The company was founded in 1996 through the merger of Crédit Communal de Belgique (founded in 1860) and Crédit Local de France (founded in 1987). The Dexia Group was founded as a dual-listed company, but in 1999 the Belgian entity took over the French entity to form one company. The company is headquartered in Brussels, Belgium.
A year later, Dexia took majority control of that bank when it acquired 20 percent more from San Paolo-IMI, paying more than $1 billion. At the same time, Dexia acquired 55 percent of France's Ifax, a insurance provider to local governments. In 1999, the bank increased its insurance activity again, acquiring Elvia Assurances, based in Belgium.
Dexia N.V./S.A., also referred to as the Dexia Group, was a Franco-Belgian financial institution active in public finance, providing retail and commercial banking services to individuals and SMEs, asset management, and insurance; with headquarters in Saint-Josse-ten-Noode, Brussels. The company had about 35,200 members of staff and a core shareholders' equity of €19.2 billion, as of 31 ...
Oct 5, 2011 · It had been caught out by the sub-prime mortgage crisis. In June that year, Dexia had been forced to announce that it was providing a $5bn credit line to the subsidiary, but the sum was still ...
A year later, Dexia took majority control of that bank when it acquired 20 percent more from San Paolo-IMI, paying more than $1 billion. At the same time, Dexia acquired 55 percent of France ’ s Ifax, a insurance provider to local governments. In 1999, the bank increased its insurance activity again, acquiring Elvia Assurances, based in Belgium.
Oct 10, 2011 · Blind man's bluff The proximate cause for Dexia's collapse was its difficulty securing short-term funding. Concern had grown in recent weeks about the bank's credit risks, which at $700 billion ...
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Dexia N.V./S.A., or the Dexia Group, is a Franco-Belgian financial institution formed in 1996. At its peak in 2010, it had about 35,200 members of staff and a core shareholders' equity of €19.2 billion. This article may require cleanup to meet Wikipedia's quality standards. The specific problem is: the history section listed too many news ...
