Bloomberg Greece’s Eurobank Ergasias SA isn’t waiting around for a state rescue, with a plan to sell about 7 billion euros ($8 billion) of troubled loans and merge with a real estate fund. The shares soared, leading the country’s banking index higher. As part of the plan, the bank will merge with real estate fund Grivalia Properties REIC to create ...

Bloomberg European Central Bank (ECB) chief economist Peter Praet said the end of the institution’s bond-buying program — quantitative easing (QE) — this year doesn’t mean policy is being tightened, as he pointed to “increasingly noticeable” headwinds for the economy. The message comes as the Governing Council prepares for its December 13 meeting, when it will publish new economic forecasts ...

Bloomberg The financial regulator of Danske Bank A/S says it’s now telling lenders to be more selective when choosing correspondent banks. The decision comes after Denmark’s biggest bank ended up at the center of one of Europe’s worst ever money laundering scandals. Danske’s regulator says some of the bank’s employees were probably involved in “criminal” acts, and the lender may ...