Politicians agreed on a rulebook for recapitalising banks after €600bn was spent saving them. But so many exemptions now make it worthless, says Ferdinando Giugliano.

The European Central Bank has said that media reports about lenders passing or failing its Asset-Quality Review and stress test before the release of results on October 26 were “highly speculative”.

ANOTHER disappointing result for Fulham but you can forgive the Cottagers if they only have eyes for their Europa League semi-final against Hamburg right now.

Swiss banking giant UBS was today accused of mis-selling hundreds of millions of pounds worth of investments linked to the crisis-hit US sub-prime mortgage market.