Tag: Euro zone banks

• Wednesday, July 30th 2014 - 07:23 UTC

  IMF warning on interest rates and Russian crisis for some EU banks

  

  Sharply higher interest rates around the world could combine with weaker growth in emerging markets to slice as much as two percentage points off global growth in the next five years, the International Monetary Fund said on Tuesday.

• Thursday, December 19th 2013 - 05:41 UTC

  Euro-zone agrees on banking reform, another step towards banking union

  

  Euro-zone finance ministers have agreed on a long-awaited pact on how to deal with failing banks in the region. It aims to create a 55bn euro fund - financed by the banking industry, over the next 10 years. The fund would be backed by a new agency, which will decide on how to deal with failing banks.

• Tuesday, September 4th 2012 - 01:25 UTC

  Germany stands firm: ECB is not prepared to supervise all Euro zone banks

  

  German Finance Minister Wolfgang Schaeuble rejected on Monday a European Commission plan to give the European Central Bank sweeping powers to monitor all Euro zone banks, saying it should instead focus only on systemically important institutions.