AMSTERDAM Eurogroup chairman Jeroen Dijsselbloem rejected calls for banking union regulations to be loosened after weeks of falling bank shares, saying new European bail-in rules had caused investors to look "more critically" at risks born by banks.
Most risky stuff sold off (with the notable exception of gold miners). Most "safe haven" stuff jumped (gold, the yen - a "safe haven" currency, and developed-world government bonds - with the notable exception of "peripheral" eurozone debt).
Directors of Europe's largest bank do not want to reinstate three-yearly reviews of its HQ as they lean towards staying in London.
FRANKFURT Europe's financial market turmoil could delay a rise in inflation even further and banks will need to be fixed with forceful action over time, European Central Bank Executive Board member Benoit Coeure told a German newspaper on Saturday.
BAE Systems will next week identify Charles Woodburn, a former Schlumberger executive, as the preferred successor to Ian King, chief executive, when he retires in 12-18 months.