CEO of Dexia Karel De Boeck said he does not want any more capital boost. In an interview with L'Echo, Boeck declared, "No one can know if we will have further need of a capital increase. But what we do know is that we are going to do everything possible not to end up there." He said that Dexia sought to prevent further losses to the taxpayer by calling on more capital support from the state. So far, French taxpayers have already given support to Dexia to the tune of EUR 6.6 billion. He also revealed that the losses the bank incurred because of Detroit's bankruptcy filing does not threaten him. The CEO also clarified that the collapse of talks to sell Dexia Asset Management unit will not have a "dramatic" impact on the financial institution's finances.
Dexia is headquartered in Brussels, Belgium but operates in Europe, Asia, and the US. Its services include consumer loans, insurance, pension plans, asset management, securities brokerage and private banking. It also provides financing of public service facilities as well as financial services for local governments
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