Category: Banking (Local and Global)

Spain could ask for bank bailout this weekend

Spain could ask for a rescue of its struggling banks this weekend when European finance ministers hold an emergency conference call Saturday to discuss the country’s financial problems, a move that would make it the fourth member of the 17-nation eurozone to seek outside help since the continent’s financial crisis erupted two years ago.

WikiLeaks Handed Data on Secret Swiss Bank Accounts

Swiss whistle-blower Rudolf Elmer — the former chief operating officer of the Cayman Islands subsidiary for Swiss bank Julius Baer — handed the discs to WikiLeaks founder Julian Assange at a press conference in London. The data relate to offshore bank accounts allegedly held by individuals and companies from across the world, including the U.S., U.K. and Germany, and covers 1990 to 2009.