Top 3 Challenges Posed by EU Banking Union
After much public bickering, the European Parliament has voted to approve rules to govern the move to a banking union. But challenges remain.
Turbulent Seas Challenge the Wind in Denmark’s Sails
The Scandinavian country is looking toward the future, but dangers lurk in the shoals.
ECB Evaluations Raise Reporting Questions
How should the ECB evaluate the 128 systemically important banks across the eurozone for which it will soon be responsible?
London Could Lose Out Over Eurozone Banking Union
Opposition to an EU budget freeze and to Britain’s joining a eurozone banking union could cost the City of London its position at the top of the world’s financial centers.
Sweden Won’t Bail Out ‘Ill-Managed’ European Banks: Finance Minister
Finance Minister Anders Borg of Sweden said that his country’s government will never agree to allow its taxpayers’ money to bail out “ill-managed” European banks.
Draghi, With Credibility at Stake, Ups Ante in Debt Fight
ECB President Mario Draghi is upping the ante after saying last week he would do "whatever it takes" to preserve the euro.
E.U. Bank Capital Deal Fails
Although discussions dragged on till the wee hours of the morning, E.U. finance ministers were unable to put together a deal on toughening bank capital rules.
Italy’s UniCredit Falls on 43% Discount Offer
Italy’s largest bank, UniCredit, saw its stock fall the most in two months in Milan after it announced that it would sell 7.5 billion euros ($9.8 billion) in shares at a 43% discount to Tuesday’s closing price, excluding rights values.
Moody’s Downgrades French Banks
Moody’s Investors Service cut France’s three largest banks by one notch, citing a 'very high' probability that the French government would intervene with support.
Eurozone Banks Boost Capital by Redefining Risk
Some Eurozone banks are redefining risk in order to meet capital requirements. Many officials and banking experts say the practice is legal but undermines the goal of ensuring the financial institutions are healthy.