Greece is a particular worry for regulators as Athens says deferred tax assets represent some 30 to 40 per cent of the core tier one capital in the country’s main banks. (Photograph: Kostas Tsironis/Reuters)

The EU is collecting evidence to determine if Greece, Portugal, Spain and Italy should face an investigation into whether they are illegally underwri(...)

ECB HQ in Frankfurt: there is concern in EU circles that next year’s bank stress tests could threaten the EU’s very early-stage economic recovery and the relative market stability that has taken hold since last year’s pledge by the ECB to “do whatever it takes” to preserve the euro

Euro zone banks could be forgiven for feeling a little bit nervous these days, as they await their fate at the hands of the ultimate big Daddy, the Eu(...)

Spain’s Economy Minister Luis de Guindos talks to Minister for Finance Michael Noonan during an European Union finance ministers meeting in Brussels. Photograph: Francois Lenoir /Reuters

The European Union agreed today to force investors and wealthy savers to share the costs of future bank failures, moving closer to drawing a line unde(...)