JPMorgan's CEO met with the US Attorney General to finalize a settlement on the mortgage backed securities fraud investigations.

A Reuters report said banks would need to increase their capital by USD155 billion or EUR115 billion in order to comply with the global Basel III accord.

There has been an increasing clamor from politicians, store associations and laborers alike to ease store hours regulations amidst a struggling French economy.

US and British regulators had charged interdealer broker firm ICAP's European arm and three ex-employees for rigging the London interbank offered rate to their benefit.

The European Securities and Markets Authority had sought for the imposition of a levy for non EU clearing house operators.

Marek Belka, Poland's Central Bank Governor, had urged local banks to find opportunities through purchase of local rivals that are owned by foreign banks.

Reuters columnist Allison Schrager said one of the reasons why the US Federal Reserve did not manage the recession as well as it should is the nation's aging population.

Hugo Dixon said the Euro zone needed macroprudential and counter-cyclical fiscal policies to mitigate the results of their single monetary policy.

A draft bankruptcy plan is in the works for the city of Stockton and its bond creditors and other insurers.

The South Korean technology firm Samsung offered to settle with the EU Competition Commission as to the patent lawsuits currently being investigated.