There are chances that Banco Santander SA (SAN), which is said to be Spain's biggest bank, buys the shares of Banco Espanol de Credito SA. It will be done so to merge the businesses under one brand. Moreover, it will make the handling of the business a lot of easier.

As per reports, it has been revealed that KBC Bank Ireland is going to open its first retail bank on Baggot Street in Dublin today. The bank, which has been operating in the sectors of the Irish mortgage and deposit market for a long time, is going to make its entry in the retail sector for the first time.

Heizo Takenaka, an economist from Japan said that the central bank should consider increasing the purchases from the government debt to end the deflation, while he demanded one to three percent rise in consumer prices.

Greece was the first one, which said that they want China to open banks in Greece. In return, China has agreed with the proposal and has informed that China Development Bank officials are soon going to visit Greece.