May 16, 2013

EU to shift rescue bill for bank failures to creditors

European Union governments want to shift the cost of rescuing troubled banks from taxpayers to the banks’ creditors — including the holders of large deposits — as part the region’s plan to shore up its shaky financial system. Finance ministers from the 27-country bloc ...

Mar 28, 2013

15.5% quake insurance hike sought

A property and casualty industry body is planning to raise standard earthquake insurance premiums for housing by a nationwide average of 15.5 percent following the devastating March 2011 earthquake and tsunami. The Non-Life Insurance Rating Organization of Japan has reported the plan to the ...