Monday, September 29, 2008

Dexia Fears Grow

From the Financial Times: Dexia shares fall amid capital concern (hat tip avinunu)
Shares in Dexia lost more than a quarter of their value on Monday on fears that the Belgian-French financial services group needed to raise capital.
...
The board met on Monday night “to assess the international financial situation”, according to a spokesperson ...
This article in lesoir.be suggests that it will take 6 to 7 billion euros to save Dexia: Entre 6 et 7 milliards pour sauver Dexia