Talks on how to wind down failing European banks enter critical stage

Negotiators to try to reach compromise this week on single European agency to wind up or close failing banks European Union governments and parliamentarians will try to reach a compromise this week on how to wind down failing banks, in marathon talks intended to settle who decides to close banks and who picks up the bill. A deal in the negotiations, set to span three days, would be the final step in a European banking union that would mean one supervisor for all eurozone banks, one set of rules ...