Four of the Spanish Banks, i. e. BFA Bankia SA, NCG Banco, Catalunya Banc and Banco de Valencia SA have got the approval for restructuring from the European Commission.

With the approval in hands, now these banks are eligible to get funding from the European Stability Mechanism. EU said that the balance sheets of these banks will come down by estimated 60% in 2017 from that in2010.

It is quite a rare chance when opposition agrees with each other. Going with the trend, Japan's Prime Minister Yoshihiko Noda was found to be criticizing Liberal Democratic Party leader Shinzo Abe over its recommendations on solving financial and other problems of the country.

As per reports, it has been recommended that the new supervisory body with the European Central Bank should only focus on those financial institutions that pose maximum risk to the financial system.

`Insta Netexpress' will now be offered to Indians living in Germany which will allow them to do money transfer to their home land.

ICICI has given the above said provision through their online platform i. e. Money2India. eu which will offer them money transfer services.

Through the aforementioned services, Indians in Germany will be able to send money to India by ICICI bank.