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Banks to push for account fees in the wave of Libor scandal
Several major financial institutions under inquiry in the Libor case are going to push for introducing account fees for their customers. They blame ‘free’ accounts as one of the reasons behind interest rate rigging.
The major banks including Britain’s Barclays and Spain’s Santander are expected to argue in favor of introducing account fees at a meeting of the UK Parliamentary Commission...
Eurozone to blow up any time when unable to roll over credits
Most EU members are in favor of issuing eurobonds, but Germany opposes mutual debt obligations. Don Coxe, an investor and chairman of Coxe Advisors LLP, says Berlin cannot afford to hand out more bailouts when confidence in EU banks is crumbling.
The talks are taking place in Brussels, where EU leaders are meeting for two days to agree on new growth measures for the union.
RT: In a recent blog article...