Thursday
Oct062011
Dexia Bank - Shares Halted Amid Massive Decline (LINKS)
Dexia is one of Europe's most troubled banks. The first domino is falling.
SAN FRANCISCO (MarketWatch) -- Shares of French-Belgian bank Dexia were halted pending a news release, according to NYSE Euronext. Shares in Brussels fell more than 17% before they were halted. Earlier, Dexia said it has entered into negotiations with a group of investors to sell off its Luxembourg unit. Before shares were halted, Bloomberg News reported that Dexia planned to break itself up to protect its Belgian depositors and its municipal-lending business in France. The Wall Street Journal cited local news reports that the Belgian government was moving to nationalize the bank's domestic unit.
Stories from around the web Thursday:
- US Closes 2011 Fiscal Year With $14.8 Trillion Debt, $1.2 Trillion Increase For Year
- National Taxpayers Union Warns Congress Of Imminent Debt Disaster
- FICO Economic Survey Says: “Sharp and Deep Turn to Pessimism”
- James Howard Kunstler Rips Limp-Dick Occupy Wall Street Critics
- Veterans Administration Joins Big Banks in the Foreclosure Business
- Fox News Launches An All Out Assault Against Occupy Wall Street
- UPDATE - Official Occupy Wall Street Website - Tons Of Videos And Photos
- Brilliant Essay On Wall Street Protests - Not What You Would Expect
- 4 Largest Wall Street Banks Still Dominate Derivatives Trade - NYT Dealbook
- Glenn Greenwald - Wall Street Banker Gets Scared Of Protesters So He Calls NYT Reporter Andrew Ross Sorkin - MUST READ
Oct 6, 2011 at 11:55 AM
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