The European Banking Authority noted banks within the 27-nation European Union need to raise €114.69 billion ($152.8 billion) by June of next year in order to meet the authority's capital requirements. That amount is €8.24 billion, or 7.18 percent, more than the supranational regulator had noted on October 30. The balance sheet apparently worsened at certain banks, most notable in Germany, Belgium and Austria.
The following are remarks by EU leaders at a meeting of the conservative European People's Party in Marseille, southern France, ahead of an EU summit in Brussels.
With 80 days to go until 3M Co Chief Executive George Buckley hits the company's mandatory retirement age, investors seem unusually disinterested in the immediate future of the management team.
A Chinese bank is in talks about taking a stake in Saab, in the latest attempt to rescue the crisis-hit Swedish car maker after an earlier deal to secure its future ran into trouble.
WikiLeaks founder Julian Assange, who is fighting extradition to Sweden, won the right on Monday to ask Britain's Supreme Court to hear his case, prolonging his stay in Britain.
British judges ruled on Monday that Julian Assange, founder of the whistle-blowing Web site Wikileaks, could take his year-long fight against extradition to Sweden to the Supreme Court, the highest court in the land.
As banks around the world race to satisfy international capital requirements, they are going through a veritable fire sale, getting rid of non-core businesses no matter how much they will fetch. Beyond that, they are engaging in some odd transactions, including a substantial amount of balance sheet engineering.
England avoid a difficult group.
The Euro 2012 draw took place Germany, Netherlands and Portugal all tied together in the so-called 'Group of Death' while reigning champions Spain faces a Italy in Group C.
A new survey from Expedia.com shows that U.S. employees get less vacation time that nearly every other country - worse still, Americans don't even use all of it.
Professional basketball player turned Victoria's Secret supermodel, Elsa Hosk, discussed with Fashionista her athletic past and her modeling future.
Ratings agency Moody's said on Tuesday it could downgrade the subordinated debt of 87 banks across 15 European Union nations on concerns that governments would be too cash-strapped to bail out holders of riskier bank debt in times of stress.
Olympic gold medalist and top American skier Lindsey Vonn is divorcing husband and chief adviser Thomas Vonn after four years of marriage.
The Apple product was glowing red and emitting a significant amount of black smoke when it suffered a minor explosion on a Regional Express flight from Lismore to Sydney, Australia. This is not the first time Apple's lithium batteries overheating have caused fires and combustion, and the burning iPhone 4 incident still has no definite cause from Australian authorities.
The Geneva-based fund was set up in 2002 and supported by around 150 donor countries. It works in collaboration with other organizations to promote treatment and large scale prevention programs against three chosen diseases.
Last year's holiday movie season seemed to belong to filmmaker David Fincher. His The Social Network struck the zeitgeist among movie goers, critics and awards groups.
The world's largest backer of the fight against AIDS, tuberculosis and malaria said on Wednesday it was cutting new grants for countries battling the diseases and bringing in a new manager to ensure better administration.
Last year's holiday movie season seemed to belong to filmmaker David Fincher. His The Social Network, struck the zeitgeist among movie goers, critics and awards groups.
A documentary was screened on child poverty in New Zealand showing the stark reality of life for too many children and their families in the country.
Sweden is the only place the new Hollywood version of best-selling crime novel The Girl with the Dragon Tattoo could have been shot, director David Fincher said on Monday.
Superbugs capable of evading even the most powerful antibiotics are increasing their grip in Europe with rates of drug resistance in one type of bacteria reaching 50 percent in the worst-hit countries, health officials said Thursday.
An experimental England side were 1-0 winners against Sweden for the first time in 43-years at the Wembley Stadium in London.