Banking in the European Union

Latest business news and information covering the EU's banking sector.

EU warns Latvia about non-resident banking — 16 January 2013, 22:46 CET

The European Commission warned eurozone aspirant Latvia on Wednesday to guard against growing banking sector imbalances and to closely monitor the identity of non-resident account holders.

Greek banks regain access to ECB funding — 16 January 2013, 19:49 CET

A number of Greek banks have regained access to regular European Central Bank funding following Athens' implementation of a bank recapitalisation plan, the ECB said on Wednesday.

Bank winding up system priority for this year: Barroso — 15 January 2013, 23:51 CET

Progress on a system to wind-up failing banks before they can wreck the wider economy is of critical importance this year, says the European Commission.

Juncker backs French woman to head new bank supervisor — 10 January 2013, 13:41 CET

The head of the European Union's new banking regulator should be a woman and in this first instance, come from France, outgoing eurozone head Jean-Claude Juncker said Thursday.

EU Investment Bank confirms EUR 10 bn capital boost — 08 January 2013, 17:42 CET

The European Investment Bank says its shareholders, the EU's 27 member states, have unanimously approved a 10 billion euro capital increase, as agreed by national leaders last year.

EU welcomes relaxation of bank capital buffer terms — 07 January 2013, 17:50 CET

The European Commission on Monday welcomed the agreement by top regulators to ease the burden on banks to increase their capital, a move which should also help the economy by providing more credit.

EU concerned over German bank regulator: report — 03 January 2013, 13:32 CET

The European Commission is concerned that Germany's banking supervisor could be restricting the free flow of capital to lenders abroad, a newspaper report said on Thursday.

France, Belgium pump fresh capital into Dexia bank — 31 December 2012, 20:34 CET

Belgium and France have subscribed to a 5.5 billion euro injection of capital to bail out the Dexia bank, in line with a restructuring plan approved by the European Commission last week.

EU clears latest Dexia restructuring plan — 28 December 2012, 15:50 CET

The European Commission has approved the latest, 90-billion-euros restructuring plan for Dexia, a Franco-Belgian bank bailed out at the height of the financial crisis which has struggled ever since.

Almunia recommends latest Dexia restructuring — 20 December 2012, 15:15 CET

EU Competition Commissioner Joaquin Almunia said Thursday he would recommend that the European Union approve next week the latest bank guarantee accord for bailed out Franco-Belgian lender Dexia.

EU clears restructuring of Spanish banks — 20 December 2012, 17:07 CET

The European Commission cleared restructuring plans and aid for four small Spanish banks on Thursday as part of efforts to stabilise the country's stricken banking system and help its economy.

Greece's Eurobank posts one-billion-euro loss over nine months — 20 December 2012, 10:18 CET

Greece's third-largest lender Eurobank on Thursday reported a net loss of 1.095 billion euros over the first nine months of 2012, after writing off six billion euros to help the country reduce its sovereign debt.

Bank supervisor will restore trust in eurozone: Draghi — 17 December 2012, 18:50 CET

European Central Bank President Mario Draghi said Monday that the creation of an EU-wide banking supervisory authority would help restore confidence in crisis-wracked eurozone.

EU gives temporary approval to rescue of Italy's MPS — 17 December 2012, 17:56 CET

The European Commission on Monday gave temporary approval "for reasons of financial stability" to the recapitalisation of Italy's third-biggest bank, Monte dei Paschi di Siena (MPS).

Bundesbank hits out at ECB's banking supervisory role — 14 December 2012, 16:47 CET

The head of the German central bank or Bundesbank, Jens Weidmann, hit out Friday at the decision by EU leaders this week to make the European Central Bank Europe's new banking supervisor.

Slovenia warns might delay Croatia's EU entry over bank row — 14 December 2012, 16:59 CET

Slovenia might still block Croatia's accession to the European Union, planned for July 2013, if a long-standing dispute over bank savings is not quickly resolved, Slovenia's foreign minister warned Friday.

ECB takes credit for market calm, but says risks prevail — 14 December 2012, 13:11 CET

The European Central Bank said Friday its emergency measures have helped bring the debt crisis fires under control, but only governments can put out those fires completely.

France, Germany bury hatchet to nail EU bank deal — 13 December 2012, 22:04 CET

France and Germany, seemingly set on divergent political paths, pulled out all the stops Thursday to lay the symbolic foundation stone towards greater eurozone integration.

Europe bank accord lauded but long road ahead — 13 December 2012, 18:16 CET

Europe's new bank supervision system, agreed after marathon talks, is welcomed as a key step towards preventing any repeat of the crisis which nearly brought down the euro, but some reservations remain.

ECB welcomes deal on EU banking supervisor — 13 December 2012, 16:39 CET

European Central Bank President Mario Draghi welcomed Thursday a European Union agreement to create a bank supervisor to oversee lenders across the eurozone.

Hollande hails EU banking deal as 'major' and 'global' — 13 December 2012, 16:39 CET

French President Francois Hollande hailed on Thursday a EU banking agreement reached overnight that European Union officials hope will ring-fence banks in trouble to prevent future crises, terming it a "global" and "major agreement."

Bank watchdog deal boosts EU before Greek fund accord — 13 December 2012, 10:46 CET

The EU looks set to end a difficult year on a high note, clearing bailout funds for Greece on Thursday to tame the debt crisis at its heart after agreeing a key bank oversight deal to bolster the union.

EU seals deal on banks watchdog — 13 December 2012, 09:43 CET

The European Union agreed early Thursday to create a bank supervisor to oversee lenders across the eurozone, following marathon talks which ended hours before the year's final EU summit.

EU battles to bridge gulf on bank supervision — 12 December 2012, 21:32 CET

EU finance ministers battled Wednesday to nail down a deal on a controversial single supervisor for banks as France, Germany, and even non-euro Britain, talked up the chances of a compromise.

EU hopeful can bridge gulf on bank supervision — 12 December 2012, 17:16 CET

EU finance ministers expressed confidence Wednesday of nailing down a deal on a controversial single supervisory system for banks amid signs of an emerging French-German compromise.