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BBC NewsEU Banking Plan Arrives, but Not in Time for SpainCNBC.comThe European Commission proposed far-reaching powers for regulators to deal with failing banks on Wednesday, a step toward the banking union the European Central Bank and others are...

Blanked Bankers Double as Firms Omit Bonuses, Study SaysSan Francisco Chronicle(Adds investment banking revenues in ninth paragraph.) June 6 (Bloomberg) -- The proportion of investment bankers who got no bonuses last year more than doubled to about...

It's hard to know who is disliked more, Tiger Woods or Goldman Sachs (NYSE: GS) and Facebook (Nasdaq: FB).

Geithner challenges banks for specific Dodd-Frank gripes. Welcome to the morning roundup. Here's a look at what's news in banking and finance. Dodd-Frank. U.S. Treasury Secretary Tim Geithner is reportedly challenging ...

IIF: Banking Union in Europe "Not Tenable"Wall Street JournalBy Noemie Bisserbe and Flemming Emil Hansen COPENHAGEN--Institute of International Finance Chief Economist Philip Suttle said Wednesday a euro-zone banking union aimed at protecting...

Globe and MailBig Money in Guessing Bank's Next MoveWall Street JournalThe bank has remained tight-lipped since disclosing on Thursday that it had lost more than $2 billion on bad derivatives trades.

BloombergHow Bank Handles Bad Bet Is Fraught With PerilNew York TimesAfter all, the situation may only get worse if the bank maintains the position. But the “cut your losses” approach may seem unappealing if the trade is too large.

ForbesChina RRR Cut Won't Solve SME Financing Difficulties - ReportWall Street JournalThe People's Bank of China Saturday said it will lower the reserve requirement ratio--or the amount of cash it requires banks to keep in reserve at the central bank--by...

China faces pressure to reverse sharp economic slump but might be acting too ...Washington PostNow, with China's economy cooling abruptly again, Gao sees another wave of bankruptcies about to hit his industry.

Boston.comSpanish Bank Audits Within Two MonthsWall Street JournalBRUSSELS—Spanish Finance Minister Luis de Guindos said Tuesday that Spain has appointed two external auditors to appraise the loan book of banks, a task that may be completed in less...

beyondbrics, from the Financial Times, brings news and comment from more than 40 emerging economies, headed by China, India, Brazil, Russia, Mexico, Indonesia and South Africa. We cover politics and economics, ...

Kansas City StarECB Meets Amid Gathering Signs of Bank StressNew York TimesPARIS — European Central Bank policy makers were meeting Wednesday at a moment of high drama for the euro zone, a day after a ratings downgrades on German and Austrian banks...

Boston.comEurope unveils bank-bailout planCNNMoneyBy Chris Isidore @CNNMoney June 6, 2012: 8:12 AM ET The EU announced its plan for a bank union which would handle future banking bailouts.

EU Banking Union, Syria Sanctions, TARP Stock: ComplianceBusinessWeekBy Carla Main on June 06, 2012 European Union leaders' calls for banking union lack concrete proposals for funding a new joint financial-sector backstop, as showcased in the debate...

“Russia and China have a clear understanding that this is of crucial importance at this stage, when there is no shortage of those who want, through their words and subversive actions, to scuttle the Kofi Annan plan,” Russian ...

KPMG Survey: Banking Execs Focused on Increasing Operational Efficiency as ...MarketWatch (press release)NEW YORK, June 6, 2012 /PRNewswire via COMTEX/ -- Faced with regulatory reform challenges and a lackluster economy, banking executives are focused...

Steven Horwitz In his NY Times column Sunday, Paul Krugman tries, in vain, to construct a case for bank regulation in light of the problems at JP Morgan. As usual with Krugman, there's much to disagree with, but I want...

China now requires the “Big Four” auditing companies of Deloitte Touche Tohmatsu, Ernst & Young, KPMG and PricewaterhouseCoopers to “localize” their staff in line with Chinese laws that specify the qualifications, age and ...

Krugman: Why we regulateSalt Lake TribuneBy paul krugman One of the characters in the classic 1939 film "Stagecoach" is a banker named Gatewood who lectures his captive audience on the evils of big government, especially bank regulation — "As if we...