Saturday

19th Aug 2017

Ticker

EU to go easy on splitting bank activities

Banks should not be automatically required to split risky investment activities from conventional banking, according to a draft European Commission paper, the Financial Times reports. The proposal, which follows the Likanen banking report in 2012, would leave national supervisors to decide whether a bank's activities posed a "systemic risk."

Brexit realities dawn in UK

Just over a year after a small majority voted for Britain to leave the EU, new realities are dawning on both the in and the out camps.

News in Brief

  1. Macedonia sacks top prosecutor over wiretap scandal
  2. ECB concerned stronger euro could derail economic recovery
  3. Mixed Irish reactions to post-Brexit border proposal
  4. European Union returns to 2 percent growth
  5. Russian power most feared in Europe
  6. Ireland continues to refuse €13 billion in back taxes from Apple
  7. UK unemployment lowest since 1975
  8. Europe facing 'explosive cocktail' in its backyard, report warns

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