Qatar's royal family and Luxembourg are to buy Dexia's private banking arm Banque Internationale Luxembourg for 730 million euros ($950 million), as part of the Franco-Belgian group's bailout plan.
'Precision Capital, a Qat
Franco-Belgian bank, Dexia, is accessing emergency liquidity facilities in Belgium, France, Spain and Italy, a banking source said on Thursday, as analysts described its liquidity situation as "very dramatic".
The source said the bank was
HSBC is weighing a bid for the Turkish retail operations of Franco-Belgian investment bank Dexia , The Financial Times said without citing its sources.
For HSBC, the deal would strengthen its position in Turkey where it has been present fo
Qatar National Bank is weighing a potential bid for Denizbank , the fast-growing Turkish arm of euro-zone debt casualty Dexia in a deal potentially worth up to $6 billion, people familiar with the matter said.
QNB, 50 percent owned b
Franco-Belgian bank Dexia agreed early on Monday to the nationalisation of its Belgian banking division and secured state guarantees in a rescue that could pressure other euro zone governments to strengthen their banking sectors.
The Qatari investment group intending to take over Dexia's Luxembourg unit BIL belongs to members of the Qatari royal family, who are also buying KBC's private banking unit, Luxembourg's Finance Minister Luc Frieden said on Monday.
Belgium and France expect to finalise by Thursday a rescue plan for Dexia that would sever the bank's French lending business and may nationalise its Belgian arm.
Battered in recent weeks by heavy exposure to Greece and problems accessing
Dexia Asset Management (Dexia AM), the asset management company belonging to the Dexia Group, will host a seminar to mark its first anniversary in Bahrain.
The company opened its regional office in Manama in October 2006. This is the first