Belgian bank, Panama Papers

About two days ago I saw a TED Talk about the Panama Papers. Today when I was doing some research on the bank in Belgium which has my money, I found this article

Panama Papers – Former subsidiary of Dexia group was largest customer

It is interesting to see how things are connected.

Credit Commnual became Dexia. Then bankers there were doing some crap to make more profits and the bank almost went under. Then the Belgian govt too control and renamed it Belfius.

Here is what wikipedia says…

https://en.wikipedia.org/wiki/Belfius

On 1 March 2012, Dexia Bank Belgium becomes Belfius Bank and Insurance. The new name Belfius comprises the “Bel” of “Belgium”, the “fi” of “finances” and the English pronoun “us”.

In a nutshell: a locally anchored Belgian bank and insurance group, faced with the challenge of creating various forms of added value for society, and whose core element is its ability to listen to and learn from its clients; the “equals” sign in the middle of the logo is thus not just a mathematical sign, but the symbol of a new balance between the bank and its clients.

ha ha

“…whose core element is its ability to listen to and learn from its clients”

 

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http://www.afr.com/business/banking-and-finance/bankers-behaving-badly-in-panamanian-scandal-20160417-go8dge

 

 

20 April 2004, BRUSSELS – Senior executives from one of Belgium’s leading banks are being investigated for tax fraud, it was confirmed on Tuesday.

20 April 2004

BRUSSELS – Senior executives from one of Belgium’s leading banks are being investigated for tax fraud, it was confirmed on Tuesday.

In a statement released on Tuesday, Dexia said that group chairman Francois Narmon along with three other senior executives – Luc Onclin, Michel Bouteille and Roland Dumortier – were being investigated for alleged tax fraud.

http://www.expatica.com/be/news/Top-Belgian-bank-in-tax-fraud-scandal_117816.html

 

Dexia and bailing out the banks

 

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