will receive a state-backed rescue of 6.4 billion euros ($9.2 billion) after worsening financial markets drove the shares to a record decline,
Belgium's federal and regional governments, France and the company's largest shareholders will supply the funds, according to a statement from Belgium's prime minister Tuesday.
Dexia is the world's biggest lender to local governments, according to
The capital infusion for Brussels- and Paris-based Dexia comes two days after Belgium, the Netherlands and Luxembourg injected 11.2 billion euros into
, a Belgian financial-services company. That rescue was in addition to Britain's decision to seize
Bradford & Bingley
, and Germany's bailout of
Hypo Real Estate
This article was written by a staff member of TheStreet.com.