France, Belgium, Luxembourg agree on Dexia rescue deal & Qatar Investment Authority to take over Dexia Luxembourg?
Sunday, 9 October 2011 | 
European Affairs
Reuters reports that France, Belgium and Luxembourg governments reached an agreement on Sunday on a rescue package for Dexia, which will be put to the stricken Franco-Belgian bank's board later in the day for approval.
Dexia confirms having entered into exclusive negotiations with an international group of investors in which the State of Luxembourg will participate for the disposal of Dexia Banque Internationale à Luxembourg. The Board of Directors of the Dexia group will take a decision on a potential offer by the end of the exclusive
period.
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Tags: EFSF revamp screwed after Slovenia topple government after confidence vote - delay until 2012
Tuesday, 20 September 2011 | European Affairs
In mid July Merkozy decided the terms for a revamped EFSF, that tiny office in Avenue JFK in Luxembourg, currently sitting on 750 bn euros.
Lawmakers in Ljubljana voted 51-36 today to topple Prime Minister Borut Pahor’s administration, according to parliament’s press service. General elections are likely to be held as early as December, which may force a postponement of a vote to back the legislation enhancing the EU rescue fund, known as the European Financial Stability Facility.
Ireland - Luxembourg: AIB sues six senior executives over sale of services subsidiary
Wednesday, 7 September 2011 | Finance - Banki...
Irish Times and Reuters report: six senior AIB executives secretly and systematically colluded in preparing and executing a premeditated strategy to undermine and damage the bank’s international financial services business for their own gain, the High Court heard yesterday. Michael McDowell SC, for AIB, told Mr Justice Barry White that following an internal investigation the bank had been shocked at the conduct of the six top managers. The court ordered the six managers to preserve all documents and computer records pending the full trial of the proceedings.
CSSF, the financial regulator in Luxembourg, blocks KBC's sale of KBL European Private Bankers to Hinduja Group
Tuesday, 15 March 2011 | Finance - Banki...
The Hinduja Group’s ambitions to expand its private banking operations in Europe suffered a setback on Tuesday after its purchase of KBL European Private Bankers was thwarted by regulators.
KBC, the Belgian group looking to divest its private banking subsidiary, said on Tuesday that the €1.35bn ($1.87bn) deal announced in May would not go through.
The bank said the Luxembourg financial sector regulator, the CSSF, had stopped its evaluation of the acquisition on Monday after concluding that it was unlikely to approve the deal.
European headquarters in Luxembourg
Tuesday, 7 September 2010 | European Affairs
Luxembourg’s reputation as a banking centre is recognised all over the world. To travellers, Luxembourg is considered as an insider tip: recently the German magazine “Der Stern” published an article about Luxembourg as a tiny holiday destination (see link below). But what about the country’s attractiveness besides banking and tourism? Just a few know that Luxembourg hosts the European headquarters of global players such as Amazon, ebay and iTunes.
Eurozone finance ministers are meeting in Luxembourg today to discuss the 750 billion euro rescue package for bankrupt states
Tuesday, 8 June 2010 | European Affairs
The historical political mechanism, the SPV, was thrashed out four weeks ago however, it is yet to be approved by 90 per cent of Eurozone countries. According to Luxembourg leader and eurozone chief Jean-Claude Juncker a decision will be made by the end of the month. The SPV is essentially a company that will be able to raise money on markets by issuing bonds thanks to loan guarantees provided by governments of the euro zone. Member states hope it will never be mobilized but that its existence will convince markets that default fears are unfounded.
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