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By Jacqueline Simmons and Warren Giles, Bloomberg
Dexia SA is reviewing its wealth management unit for a possible sale, people with knowledge of the matter said, the latest financial institution weighing the disposal of private-banking assets after a state rescue. The Luxembourg-based BIL unit has 15 billion euros ($22 billion) in private-banking assets, company reports show. Dexia may decide whether to sell after it completes talks with the European Commission on a reorganization plan, said the people, who declined to be identified because the matter is private. Dexia, the largest lender to local governments in France and Belgium, faces pressure to shed businesses after getting a 6 billion-euro bailout last year. Commerzbank AG of Frankfurt and Amsterdam-based ING Groep NV...
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