Dexia

Moody's Investors Service dropped a bombshell on the markets late on Monday when the credit rating agency said that it will "monitor and assess” France's Aaa credit rating. The markets have reacted negatively to much of the recent news out of Europe. The possibility of a downgrade to France's...

The euro rallied on Monday morning, as the EUR/USD pair spiked above the 1.36 level. News from Europe may have been the primary driving catalyst behind the move. Dexia, one of the continent's largest banks, was partly nationalized on Monday. The country of Belgium agreed to purchase the bank's...

Dexia?  What's that, some compact European car?  Oh, it's a European bank that's insolvent even though plenty of stress tests said it would be just fine.  Funny, I've never heard of it.  Not many people in the U.S. had heard of Creditanstalt in the 1930s, but that was the European bank that kicked...