The European bank Dexia was on the brink of being broken up, until it was saved by France and Belgium. What happened, and how will this affect the bank industry's future?
The U.S. Justice Department and the New York attorney general are suing Bank of New York Mellon over a policy that allowed them to make over $2 billion over a decade.
The Belgian bank Dexia is in trouble, running out of cash because it owns so much European debt. But the bank's failure could also affect many American cities.
Europe has been worried about the banking system being hurt by the bad debt of countries like Greece, Spain, and Italy. Now the bank Dexia is being propped-up by the governments of France and Belgium.