Edition:
United States

Francesco Guarascio

EU's top regulator under fire over Italy bank rescue decision

11:44am EDT

BRUSSELS The European Union's top antitrust regulator is facing calls to resign after a "historic" court ruling involving a small Italian lender upended Brussels' approach to bank rescues and prompted calls for compensation.

EU rules Italian bank rescue legal in blow to antitrust watchdog

Mar 19 2019

BRUSSELS European Union judges ruled on Tuesday that Italy's rescue plan for an ailing bank five years ago was legal, prompting calls for compensation for savers who subsequently faced stricter terms because Brussels had rigidly interpreted the bloc's rules.

EU officials see money-laundering risks from high share of foreign deposits

Mar 14 2019

BRUSSELS A high share of foreign deposits could be an indicator of money-laundering risks and should be reduced in states that fail to properly monitor them, European Union officials said, as the block grapples with a series of financial scandals at its banks.

EU clinches deal on derivative clearing ahead of Brexit

Mar 13 2019

BRUSSELS European Union governments and lawmakers agreed on Wednesday new rules that could force large foreign clearing houses with operations in the bloc to relocate to the bloc if they want to continue servicing their EU clients.

EU adds UAE, Bermuda to expanded tax haven blacklist

Mar 12 2019

BRUSSELS European Union governments adopted a broadened blacklist of tax havens on Tuesday, adding the United Arab Emirates and British and Dutch overseas territories in a revamp that tripled the number of listed jurisdictions.

EU adds UAE, Bermuda to expanded tax haven blacklist

Mar 12 2019

BRUSSELS European Union governments adopted a broadened blacklist of tax havens on Tuesday, adding the United Arab Emirates and British and Dutch overseas territories in a revamp that tripled the number of listed jurisdictions.

EU to add Bermuda, Aruba to tax haven list, Italy against EAU listing

Mar 11 2019

BRUSSELS European Union finance ministers are set to add the British overseas territory of Bermuda and the Dutch Caribbean island of Aruba to the bloc's blacklist of tax havens on Tuesday, according to EU documents and officials.

Foreign deposits fall in euro zone banks after money-laundering scandals

Mar 11 2019

BRUSSELS Foreign deposits dropped in most euro zone states in the second half of 2018, after banks were hit by money-laundering scandals, European Central Bank data showed, a trend that could expose one of the bloc's weak spots in tackling financial crime.

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