EU’s new focus on banking union is a political minefield but a financial imperative to stave off further crises
An upcoming E.U. summit on banking union is being overshadowed by speculation over whether Spain will apply for financial rescue.
UK regulator proposes “reset” of scandal-ridden money market rate system and new regulation, but the way rates are fixed won’t fundamentally change.
Walt Disney Co. refinances debt associated with the struggling Euro Disney resort
Second important decision in the euro’s favor in less than a week sparks rally in stocks and on currency markets
ECB plan to buy sovereign bonds of euro nations under market attack marks significant shift in policy
Purchase of Euro Disney shares the company doesn’t already own would be first step in comprehensive turnaround strategy
Giving Europe’s bailout fund a banking license would provide massive firepower to help flailing states, but proposal must first overcome deep German skepticism
As Spanish antiausterity protesters take to the streets, financial markets switch focus from the nation’s messed-up banks to the wobbly state of its finances
Why weren’t the first signs taken more seriously? Has there been a serious failure of regulation, or are there strong mitigating circumstances that could explain and justify the lack of resolute action?
As fresh details continue to emerge about the Libor fixing scandal that has already claimed the head of Bob Diamond, the American chief executive of British bank Barclays, everybody, it seems, is shocked – shocked! – to …
The economic news is going from bad to worse, so obviously this is a good time to stage a stock-market rally. That’s the contorted message coming out of Europe this week, on the heels of an E.U. crisis summit that was declared …