Though, Bank of Ireland mortgage holders, thousands in numbers, were hoping to get debt forgiveness in some way or the other while awaiting the new personal insolvency laws. A recent report has revealed that the latest ruling by BoI has been a big blow to all those struggling homeowners.

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.

In order to make sure that Spain's banking system keeps on moving, the European Stability Mechanism has provided the country with an aid package worth 39.5 billion euros.

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.

According to a recently-released report by security vendors Versafe and Check Point Software Technologies, an amount of approximately €36million ($47) million was stolen from European banking customers over the last one year; with the hackers using a new Zeus botnet version dubbed `Eurograbber.'

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.

EU Commission has give bailout approval to four banks of Spain, which were badly hit by the economic crisis, asking them to lower down their loans and investments.

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.