Thursday, March 21, 2013

Finally European Union Bank Bonus Rules Approved, European Union Warns on Trade Settlement Harmony

Eurozone latest update, European Union bank bonus rules approved, Strict cap kept but bonus cheques will not be hit until 2015 after the European parliament passes the rules with only minor tweaks

Cyprus orders banks to shut until Tuesday, Infighting is hampering Cypriot officials from finding an alternative plan to avert a banking collapse, with all back-up plans so far rejected

European Central Bank, warns on trade settlement harmony, European central bank urges lawmakers to pass regulations aimed at harmonising settlement systems across Europe as its plans are beset by delays

Meanwhile, Cyprus holds crisis talks in Russia, Interior minister says troika of international lenders will not accept Nicosia's Plan B. Finance chief says there is no breakthrough in Moscow talks

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