Banking package: Parliament and Council reach an agreement

This article is brought to you in association with the European Parliament. The Parliament and the Council negotiators took a major step towards reducing risks in the banking system and building the Banking Union. On Tuesday, two deals were concluded on banks’ resilience and on a clear roadmap for banks to deal with losses. A deal […]

How banking with blockchain can stamp out corruption and increase financial inclusion

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Joseph Thompson, Co-founder and CEO, Aid:Tech Banking institutions were primarily built to provide a trusted intermediary between two parties, such as a borrower and a lender. Legitimate commerce required the use of an institutional bank. While banks have […]

Draghi strives to control the unruly exploitation of financial markets by banking leviathans

During the past few weeks, financial markets sharks have been sending stock and bond prices and money parities wildly up and down, while busy securing for themselves hefty short term gains. Obviously, this is to the detriment of the real economy, where values are produced by technology and sweat. In Europe and, partly, in the […]

Deutsche Bank chased away from US, threatened with more fines

The US Department of Justice settled its claims against Deutsche Bank, the biggest German lender, for packaging and selling toxic mortgage securities to uninformed customers prior to the 2008-2010 financial crisis. Initially, the Justice Department had asked for $14 billion, but it seems it settled for a fine of $7.2bn. However, this is not the […]

The representatives of the regions and the cities know better what the EU needs on migration, trade, poverty and taxation

The 115th plenary of the European Committee of the Regions (CoR) was convened on 3 and 4 December and discussed a number of burning issues, which have been haunting the European Union during the last difficult years. The CoR is the voice of regions and cities of the European Union. Its 350 members are the […]

The EU learns about fishing and banking from tiny Iceland

Sigmundur Davíð Gunnlaugsson, the Prime Minister of Iceland, visited the European Union yesterday and was received by its two presidents. The Icelander first went to the Berlaymont, the Commission’s  headquarters. There he was rather surprised. It was the first time that Manuel Barroso was so blatant, almost rude, with a visiting PM. Commenting on the […]