ECB headquarters in Frankfurt, Germany. Looking back at the government’s decision to guarantee the Irish banks  10 years ago,  with no help forthcoming from the ECB, taoiseach Brian Cowen was left with no good options

One of the great failures exposed by the 2008 financial crisis was that the tools were not available at either a national or European level to the pol(...)

Intesa Sanpaolo, Italy’s best-capitalised large bank, said last week it was open to purchasing the rump of the good assets

Intesa Sanpaolo said on Monday its planned acquisition of the good assets of Banca Popolare di Vicenza and Veneto Banca could lead to the closure of a(...)

Marco Morelli: the  Banca Monte dei Paschi di Siena chief executive will see a large drop in his pay.  Photograph:       Bloomberg

The European Commission and Italy have agreed on a rescue of Italian bank Monte dei Paschi di Siena, outlining a draft plan that involves significant (...)