Showing posts with label Dexia. Show all posts
Showing posts with label Dexia. Show all posts

Thursday, November 24, 2011

The euro crisis

The screw tightens
Nov 23rd 2011, 13:26 by C.O. | LONDON
The Economist
ONE can almost hear the gates clanging: one after the other the sources of funding for Europe’s banks are being shut. It is a result of the highly visible run on Europe’s government bond markets, which today reached the heart of the euro zone: an auction of new German bonds failed to generate enough demand for the full amount, causing a drop in bond prices (and prompting the Bundesbank to buy 39% of the bonds offered, according to Reuters).

Friday, October 14, 2011

Here we go again

The Economist
The Europeans are pushing the global banking system to the edge
YOU know something bad is going to happen in a horror film when someone decides to take a late-night stroll in a forest. The equivalent in finance is a bank boss insisting that his institution is completely solid.

Monday, October 10, 2011

Dexia accepts rescue offer after marathon meeting

(Reuters) - Franco-Belgian bank Dexia agreed early on Monday to the nationalization of its Belgian banking division and secured state guarantees in a rescue that could pressure other euro zone governments to strengthen their banking sectors.