French authorities found the bank delayed tightening up controls to curb money laundering and fraud.
The ECB will review the quality of the loans and investments that Europe's larger banks have made.
Citigroup Inc. is set to become the first American bank to open an office of its own in Baghdad.
U.K.'s biggest banks ordered to bolster their balance sheets by £27.1B to prevent a repeat of the 2008 banking crisis.
British bankers could soon be facing harsher penalties for behaving badly.
Cut said preliminarily agreed with labor unions as part of bank's €2-billion retrenchment.
Paul Tucker will step down later this year after more than 30 years with the central bank.
U.K. government, RBS's majority shareholder, keen to have a fresh face to lead the privatization of the bailed-out bank.
Bank accepts15,000 bottles of fine wine as collateral for loan to former executive.
German constitutional court to hold hearing on rescue fund the 17 euro-using nations have created.
