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.