EU to shift bill for bank failures to creditors

BRUSSELS: European Union governments want to shift the cost of rescuing troubled banks from taxpayers to the banks' creditors, including the holders of large deposits as a last resort.

Germany wants swift progress on EU banking union

BERLIN: Germany wants to push ahead with a European banking union, a finance ministry spokesman said on Wednesday, possibly in two stages as EU treaty change would be required to create a Europe-wide banking resolution authority.