Topic: Brussels

Brussels will say in November if it is to extend support for troubled European banks, but will move more quickly on the troubled Anglo Irish Bank, the EU's competition commissioner said Saturday. "We are now starting the analysis on what to do ...

Spanish unions set date for general strike

Spanish unions Tuesday set September 29 as the date for a general strike to protest a government plan aimed at overhauling the labour market and easing fears in financial markets over the fragile economy. The date coincides with a European "day of ...

EU's Barnier seeks 'credible' controls for banks

Europe's financial services chief called on Friday for "credible" banking controls to be imposed from Brussels, warning a resistant industry it was unacceptable for taxpayers to pick up the tab for their errors. "If we get to the point, which we're not ...

EU agrees pan-European financial oversight deal

European Union finance ministers agreed on Wednesday a compromise deal for pan-European oversight of banks, insurers and markets, a diplomatic source said. "The ministers have reached an agreement," overcoming strong reservations from Britain, fearful that supervision of the powerful City of London ...
Calendar of major business events scheduled for FridayMajor business events and economic events scheduled for Friday: WASHINGTON — Commerce Department releases housing starts for June, 8:30 a.m. CHARLOTTE, N.C. — Bank of America Corp. reports second-quarter financial results. NEW YORK — Citigroup ...

US denies economic rift with Europe

The White House Monday denied a rift with Europe over whether economic stimulus or regulatory reform offers the best path to revival ahead of a G20 summit in London next month. "Our efforts at the G20 in London will focus on a ...
The European Commission, accused of being too "bureaucratic," caved into pressure from EU governments on Tuesday to take a softer line on state bailouts of troubled banks. Europe's state aid watchdog pledged to revise its "guidelines" for assessing whether emergency rescues are ...
Gordon Brown's lauded banking bail-out risked unravelling last night as Lloyds TSB lobbied the government to ease the repayment conditions attached to an emergency injection of taxpayers' money. The urgent attempt to renegotiate parts of the bail-out terms - and allow rescued ...
The European Commission hopes to exploit the banking crisis to launch a new regime of pan-European regulation and supervision of financial markets. As Brussels and leading EU states yesterday praised Gordon Brown's rescue plan for the banking sector and the government made ...