France eyes mayor-friendly way out of Dexia turmoil

France is in talks to restructure Franco-Belgian bank Dexia by putting back under state bank control the arm that lends to local governments.

Reading articles is for subscribers only. Subscribe now.

A break-up of Dexia may not be what the Franco-Belgian bank's chief executive, Pierre Mariani, dreamed of when he took the reins three years ago, but it is one solution being pursued by his former boss: French President Nicolas Sarkozy.