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Fraud scandal shuts down Malta’s Pilatus Bank

EU INSTITUTIONS Theodoros Benakis -
Malta's Pilatus Bank has been shut down by the European Central Bank after its chairman was arrested in the US on money-laundering charges. The European...

ECB warns against undermining EU budget rules

EU INSTITUTIONS Theodoros Benakis -
The head of the European Central Bank said on October 18 there is no evidence that undermining the European Union’s budget limits on borrowing...

Danish handling of Danske under EU microscope

DENMARK Theodoros Benakis -
The European Union’s banking supervisor will look into how Denmark’s financial watchdog supervised Danske Bank (DANSKE.CO), which last week said it was being investigated...

Italy proposes ECB-backed debt restructuring

EU INSTITUTIONS Theodoros Benakis -
All euro zone states should bring their public debt below 60% of gross domestic product, via a long-term restructuring underwritten by the European Central...

ECB chief sounds alarm amid Italian fiscal woes

EU INSTITUTIONS Theodoros Benakis -
European Union member state governments should keep their debt in check amid concern over the budget plans in Italy, according to European Central Bank...
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