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.

European Union has given approval to BFA-Bankia SA (BKIA) and three other banks of Spain for bailout from government.

The approval has led the banks to receive recapitalizations in the coming month. Balance sheets of Bankia, Novagalicia Banco and Catalunya Banc will be declined by over 60% by the year of 2017 as compared to that in 2010.

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.

Deutsche Bank is looking out for ways by which it can strengthen its position. It has suffered a lot of loss in the past while making deals, which it thought would bring profits, but doomed into loss.

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.

Germany may lose out, says a top Swiss banking official, in case Berlin does not vote in favour of a deal that is meant to end tax evasion tensions running since long with Switzerland. Claude-Alain Margelisch clearly states that a tax deal veto means loss of money by the German state.

`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.

It is becoming really difficult for many to understand as why is ECB acting overly generous with loans to Spanish banks. Does their rules allow them same? If no, why is the central bank acting the way? These are some questions to which many people and authorities are seeking the answers but unable to find one.