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Wednesday, April 7, 2010 as of 11:14 AM ET

Dexia Group

    Dexia N.V./S.A., also referred to as the Dexia Group, is a Franco-Belgian financial institution active in public finance, providing retail and commercial banking services to individuals and SMEs, asset management, and insurance.

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    Get updates on Dexia Group
    Dexia In Exclusive Talks With Sberbank On Denizbank-Source

    Struggling lender Dexia SA (DEXB.

    BT) said Thursday that it is in exclusive talks to sell its Turkish Denizbank AS (DENIZ.IS) unit to Russia's biggest bank, OAO Sberbank (SBER.RS), as the once-mighty Belgian-French bank continues to shed off key assets to shore up its balance sheet."Further to a competitive bidding process the Dexia group and Sberbank have decided today to enter into exclusive negotiations with a view to disposing of Denizbank, following the submission by Sberbank of a binding offer," Dexia said in a short statement. "The parties have agreed to achieve, within the shortest possible timeframe, the signing of a purchase and sale agreement. This is for Dexia a major milestone in the execution of its orderly resolution plan announced in the fall of 2011."No financial information was disclosed in Dexia's after-market announcement, but a person familiar with the deal said that it would be worth between $3 billion and $4 billion and "the biggest in Sberbank's history," with de...

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    1. BBVA Chairman: Could Be Interested In Buying Parts Of Dexia

      Banco Bilbao Vizcaya Argentaria SA (BBVA) could be interested in buying parts of Dexia SA (DEXB.BT) where the Spanish bank has a presence, but it has no interest in ...

    2. Denizbank Chief: If Bids Are Too Low, Sale May Not Take Place

      Denizbank AS (DENIZ.IS), the Turkish unit of troubled Franco-Belgian banks Dexia SA (DEXB.BT), said Tuesday the process to sell it could be stopped if bids were deem...

    3. Dexia Sues JP Morgan Over $1.7 Billion In Mortgage Bonds Alleging Fraud

      Dexia SA (DEXB.BT), the Belgian-French bank that is in the process of being broken up, sued J.P. Morgan Chase & Co. (JPM) in New York over $1.7 billion in mortgage-b...

    4. Moody's Downgrades Belgium's Credit Ratings 2 Notches

      Moody's on Friday cut Belgium's credit rating by two notches, saying the euro zone debt crisis increases funding risks for countries with high public debt burdens.Co...

    5. Europe Stocks Flat-to-higher; Dexia , AXA Higher

      European stock markets opened flat-to-higher on Friday, with investors expected to focus on the traditional start of the U.S. holiday shopping season and as Wall Str...

    6. European Bond Yields Rise On Dexia Worries

      Government bond yields across the euro zone rose Wednesday, with French and Belgian bonds feeling additional pressure after a Belgian newspaper reported that a Franc...

    7. EU Considering Joint Debt Guarantees For Banks - Ministers

      ----(Adds more details throughout.)BRUSSELS -(Dow Jones)- European Union governments are considering whether to create a "syndicate" to provide debt guarantees to ba...

    8. Eandis Prices EUR500 Million 10-Year Bond

      LONDON -( Dow Jones )- Belgian utility Eandis has priced its EUR500 million 10-year bond, one of the banks leading the deal said Friday.Dexia SA and HSBC Holdings PL...

    9. Japan to consult with U.S. on euro bond buying

      By Tetsushi Kajimoto and Leika KiharaTOKYO (Reuters) - Japan will consult with the United States before it considers buying more euro zone bonds, raising the stakes ...

    10. Belgium, France set for Sunday talks on Dexia : Belgian PM

      BRUSSELS (Reuters) - Belgium and France will hold talks to determine the fate of stricken Franco-Belgian bank Dexia <DEXI.BR> in Brussels on Sunday, Belgian caretake...

    11. Moody's says may downgrade Belgium's credit rating

      By Daniel BasesNEW YORK (Reuters) - Moody's Investors Service said on Friday it may cut Belgium's Aa1 sovereign credit rating, citing its struggles to reign in high ...

    12. ECB Holds Rates at 1.5%

      The European Central Bank kept interest rates on hold on Thursday as broadly expected and is expected to launch a set of fresh liquidity measures to help banks to we...

    1. Dexia Asks To Raise State Guarantees To EUR55 Billion - Report

      Struggling Franco-Belgian bank Dexia SA (DEXB.BT) has asked for the temporary guarantees it has from the French, Belgian and Luxembourg states to be raised to EUR55 ...

    2. Sberbank Offers Between $3 Billion-$4 Billion For Dexia's Denizbank - Source

      Struggling Belgian-French lender Dexia SA (DEXB.BT) may get between $3 billion and $4 billion from the sale of its Turkish Denizbank AS (DENIZ.IS) unit to Russia's l...

    3. Germany's BayernLB Sues Deutsche Bank Over Mortgage Fraud

      German regionally owned lender BayernLB is suing Deutsche Bank AG (DB) at the New York Supreme Court over residential mortgage-backed securities of a nominal value o...

    4. Royal Bank To Buy Rest Of Dexia Venture For C$1.1 Billion

      Royal Bank of Canada (RY), as expected, agreed to buy the remaining 50% of custodian RBC Dexia Investor Services Ltd. that it doesn't already own from Dexia SA's (DE...

    5. IMF Issues Article IV Report On Belgium

      Belgium has resolved its political crisis but still faces challenges including pressure on spreads, high public debt and the fallout from the restructuring of bank D...

    6. AT A GLANCE: European Banks' Disclosure On LTRO Participation

      THE EVENT: The European Central Bank released the results Wednesday of the second round of its long-term refinancing operation. A total of 800 banks participated, an...

    7. Baroin: Five Major French Banks To Continue To Lend To Municipalities

      French banks will continue to lend to the country's municipalities and local authorities said Finance Minister Francois Baroin Monday."France's five major banks have...

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