_Economy and Finance

http://www.ft.com/cms/s/0/f500c4ca-9196-11e2-b839-00144feabdc0.html#ixzz2oulR8fcu March 29, 2013 7:43 pm Renshaw Bay to provide calm in credit storm By David Oakley and Patrick Jenkins When Bill Winters, the former number two at JPMorgan Chase, found himself a slick office for his new investment venture last year, there was a seedy downside. The site in an up-and-coming street in the heart of London’s West End overlooked a brothel. The view – now obscured by frosted glass – was a colourful change of vista compared with the bland City offices he overlooked at JPMorgan’s European headquarters.

E.U. Vows to Back Banks That Fail Stress Tests By STEPHEN CASTLE Published: July 12, 2011 BRUSSELS — European officials vowed on Tuesday to support banks that fail stress tests but left unresolved deep disputes that have held up a second rescue package for Greece.

Related News: Europe · France · Germany · Italy · U.K. & Ireland European Bank Funding Threatened as Basel III Meets Solvency II By Kevin Crowley - Mar 29, 2011 8:01 AM GMT+0900 European banks are being forced to sell more long-term bonds as regulators seek to prevent another financial crisis. European insurers say their own regulator will stop them from buying such debt.