Last week, 25 banks failed the asset quality review (AQR) conducted by the European Central Bank for 130 of the eurozone's largest banks.
LONDON (Reuters) - British lenders may have to hold more capital to guard against risks of bad loans and other losses in the latest move by the Bank of England to reduce the chances of banks needing public bailouts.
One hundred years after the outbreak of World War I, U.K. Chancellor of the Exchequer George Osborne announced plans to repay some of the debt issued to help finance the conflict.
The threat of a triple-dip recession in the eurozone, civil unrest in China and the Ebola crisis have created an unprecedented number of headwinds for the global economy, according to the chief executive of WPP.
LONDON (Reuters) - State-backed Royal Bank of Scotland (RBS.L) has set aside 400 million pounds ($640 million) to cover potential fines for manipulating currency markets and warned further charges for past misconduct would continue to hit its profits.