Dexia bank, chaired by former Belgian prime minister Jean-Luc Dehaene, will cut 665 jobs, more than half of which will come out of Belgium. The Dexia board last week agreed the measure, the third round of job losses in a cost-cutting exercise designed to save a total of €520 million, of which €360m has already been realised. In the first two rounds, 1,500 jobs were lost across Europe.