Russia Pulls Biggest Bank License of Year Over Dubious Transfers

Russia’s central bank revoked the license of OAO Master-Bank, a retail lender where President Vladimir Putin’s cousin serves on the board, after accusing it of repeatedly breaching money laundering laws.

Euro-Zone Current Account Surplus Narrows in September

The euro zone's current-account surplus narrowed in September, after increasing in August, data from the European Central Bank showed Monday.

Italy at risk of breaking EU rules, France squeezes through

BRUSSELS (Reuters) - Italy's draft budget plans for 2014 are at risk of breaking European Union rules, while French draft plans barely make it, the European Commission said on Friday.

EU Soothes German Aid Qualms to Agree on ECB Bank-Test Backstops

European Union ministers overcame German unease on direct aid to lenders and agreed on rules for how public funds can be made available for banks shown to have insufficient capital in upcoming balance-sheet checks.

Euro Zone May Not Have Emerged from Recession - CEPR

An influential group of European economists that ascertains periods of expansion and recession said Thursday it remains clear whether the euro zone has emerged from recession, despite the release of figures that showed the currency area's economy grew for a second straight quarter.