The finance community in the UK has a conflicted relationship with Libor, the reference interest rates for everything from mortgages to car loans to corporate debt. This makes it likely that the benchmarks will survive beyond their planned termination date. The current plan is for Libor to wink out of existence by the end of 2021. Changes in the wholesale ...

Attempts to accelerate the shakeup of German banking haven’t had much success in the past year. First, talks to combine two state-owned regional lenders fell apart; then Deutsche Bank AG and Commerzbank AG tried but (for good reason) were unable to find a way to make a merger work. Now a third combination is on the table. This time too, ...

If you want a snapshot of how far the euro zone has come, look no further than Greece and Italy. Until recently, the two Mediterranean countries have been considered the sick men of Europe, as investors demanded hefty premiums to hold their sovereign bonds. These extra charges were all the more striking given the steep fall in the yields of ...