The co-leader of Germany’s Greens, Juergen Trittin, sharpened his party’s attack on Chancellor Angela Merkel’s Christian Democrats, saying policy differences put them on “collision course” in federal elections this fall.
Chancellor Angela Merkel’s spokesman brushed off reports of an attack on her austerity policy by France’s ruling Socialists, saying she only deals with French leaders such as President Francois Hollande.
Capital One Financial Corp., the worst performer this year in the KBW Bank Index, agreed to pay $3.5 million to resolve U.S. regulatory claims the bank set aside inadequate reserves for auto loan losses in 2007.
German lawmakers approved a rescue for Cyprus as Finance Minister Wolfgang Schaeuble warned that refusing aid to a fifth crisis-ravaged state risked triggering a sovereign default and contagion to other euro nations.
U.K. Prime Minister David Cameron’s office said it wasn’t concerned that foreign leaders are staying away from Margaret Thatcher’s funeral as it became clear that the German and Spanish heads of government won’t attend.
Germany’s Social Democratic chancellor candidate Peer Steinbrueck assailed an expanding wealth gap and unhindered capitalism that he accused Angela Merkel of failing to check as he attempted to gain traction in his campaign to unseat her.