About: bank failures

The bailout business in the EU

Since the 2008 financial crisis broke out, more than €1.5 trillion in taxpayer money has been used to rescue ailing banks in Europe, according to the European Commission. Citizens shouldn’t grow accustomed to this, writes Sol Trumbo Vila.

Bulgaria feels the heat for failure to respect guaranteed deposits

The European Commission opened an infringement procedure against Bulgaria on Thursday (25 September) following the decision of two failed banks to deny clients access to deposits of up to €100,000, which are guaranteed under EU law.

EU strikes deal on resolution mechanism for failed banks

Negotiators from the European Union’s 28 member states agreed on a Single Resolution Mechanism to save bankrupt banks yesterday evening (11 December), putting together a central piece of the EU’s banking union puzzle which aims at sparing taxpayers from bailing out failed banks in the future.

No bailout required to save Slovenian banks: EU sources

Slovenia is expected to need as much as €5 billion to recapitalise its banks, according to sources familiar with the matter, a figure some officials claim would not require an international bailout.

New EU law to shield small savers in bank rescues

A draft law that a group of European Union lawmakers voted for on Monday (20 May) would shield small depositors from losing their savings in future bank rescues, but customers with more than €100,000 in savings when a bank failed could suffer losses.

EU wants bond holders to share pain of bank failure

The European Union's executive outlined a proposal yesterday (6 January) that could force those who lend to banks to bear big losses should they fail, opening a new line of attack on bondholders who escaped the crisis unscathed.