Brussels/Paris - The bosses of Dexia stepped down on Tuesday after the struggling Franco-Belgian bank became the latest victim of the global credit crunch and was bailed out by three European governments.
Belgian media reports said Axel Miller, a Belgian who acts as its chief executive officer, and Pierre Richard, a Frenchman who chairs the board of directors, both tendered their resignation in the wake of the 6.4-billion-euro (9.2-billion-dollar) capital injection.
The company issued a statement confirming that the governments of Belgium, France and Luxembourg had agreed to support the bank.
"All the necessary measures will be taken to preserve the interests of Dexia's depositors," Belgian Prime Minister Yves Leterme said.
Paris, Sept. 30 : India’s re-entry into the global nuclear trade market after 34 years was achieved today with the historical signing of a bilateral agreement for civil nuclear cooperation with France.
Paris, Sept. 30 : India and France today signed a long term agreement for the Utilization of the Indian Polar Satellite launch vehicle for launching satellites.
Paris - French President Nicolas Sarkozy was to meet with the heads of French banks and insurance companies later Tuesday as French shares tumbled for a second consecutive day in the wake of the refusal of the US Congress to approve a finance bail-out.
Paris, Sept. 30: Indian Prime Minister Manmohan Singh received a red carpet welcome here on Monday evening, hours after participating in a significant Ninth India-European Summit in the port town of Marseilles. He was received by French Immigration, Integration and National Identity Minister Brice Hortefeux.
Paris, Marseille - French President Nicolas Sarkozy moved on Monday to rally world leaders to meet on the global finance crisis and called a meeting with French financiers as share prices collapsed on the Paris Bourse.
