Banking Put

Malta yesterday drastically reduced its exposure to the Greek bailout by approving the setting up of the European Financial Stability Facility ( EFSF ) mechanism, which replaces the emergency bilateral...

Greece's finance minister says the country wants the EU to conclude a second rescue loan deal by August.

MOSCOW: Bank of Moscow received the largest bailout in Russian banking history on Friday after a hostile takeover bid by VTB revealed a gaping hole in the books of Russia's fifth largest bank.

Eurozone finance ministers have approved EUR 12 billion for Greece after the debt-ridden country passed further austerity measures despite public protests.

BRUSSELS -- European finance ministers staved off an imminent Greek default Saturday, agreeing to release a vital installment of financial aid to Athens, while delaying a deal on a second large rescue...

• Eurozone finance ministers scrap planned meeting in Brussels on Sunday • Denmark pledges to clean up banking sector and consider guarantees for foreign lenders, Eurozone finance ministers have...

Greek finance minister: negotiations on new bailout must end by late summer.

WASHINGTON – Rep. Barney Frank asserted Thursday that the Obama administration can be more trusted than the Bush administration to ensure that banks do not misuse money they get from a $700 billion...