Friday

9th Dec 2016

Ticker

Broken eurozone banks should be allowed to fold: bank chief

Banks should be allowed to sink if they fail a health check on their balance sheets, the bloc's new banking supervisor said in the Financial Times. Daniele Nouy, who heads the bloc's new supervisory authority, said banks should "disappear in an orderly fashion," and not be merged with other banks.

News in Brief

  1. Italian opposition presses for anti-euro referendum
  2. Danish MP wants warning shots fired to deter migrants
  3. Defected Turkish officers to remain in Greece
  4. Most child asylum seekers are adults, says Denmark
  5. No school for children of 'illegal' migrants, says Le Pen
  6. Ombudsman slams EU Commission on tobacco lobbying
  7. McDonald's moves fiscal HQ to UK following tax probe
  8. French ex-minister jailed for tax fraud

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