The largest global banks halved the shortfall in the capital they will need to meet Basel rules in the first six months of 2013, leaving a gap of 57.5 billion euros ($79 billion).
The credibility of Europe’s efforts to restore confidence in its financial system hangs in the balance as lawmakers try to broker a deal on a bank-failure authority for the 18-nation euro area.
Global regulators diluted a planned debt limit for banks amid warnings that the rule would penalize low-risk financial activities and curtail lending.
UBS AG and JPMorgan Chase & Co. are among at least four banks in talks to settle a third European Union probe into derivatives linked to benchmark rates such as Libor, according to three people familiar with the case.
Some pesticides used in agriculture may damage learning capacity in the brains of honeybees, according to U.K. research.
In the hunt for ways to extend life, scientists are turning to an unlikely source: the gas that gives rotten eggs their distinctive foul smell.
In their campaign to bring the financial industry under control, European Union policy makers have a deadline problem.
The next new treatment for breast, colon and prostate cancers, among others, may be a diabetes drug first approved in 1958.
Banks face a toughening of global capital rules on swaps, bonds and other securities that they intend to trade, as regulators seek to make lenders more resilient to crises.
A European Union agreement on rules for handling failing lenders will ease progress in talks next week on a bank-resolution authority and backup fund for the euro area, lawmakers and analysts said.