German Finance Minister Wolfgang Schaeuble has been lobbying for his country’s smaller lenders to be exempted from paying into Europe’s 55 billion-euro ($76 billion) bank-resolution fund, government documents show.
European Union lawmakers struck a deal on legislation to create a single agency to handle failing euro-area banks after an all-night negotiating marathon ahead of a summit of EU leaders starting today in Brussels.
For seven former Bayerische Landesbank executives, a deal that led to 3.7 billion euros ($5 billion) of losses may land them in prison as they face a first- of-its-kind criminal trial over the bad bet.
Deutsche Bank AG co-Chief Executive Officers Anshu Jain and Juergen Fitschen are stepping up contacts with politicians in Berlin after Chancellor Angela Merkel called for more regulation of the finance industry.
Michael Kemmer , former chief executive officer of Bayerische Landesbank , may be appointed to the vacant position of managing director of Germany’s BDB banking association, Financial Times Deutschland reported, citing an unidentified person involved in the talks.