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Europe’s Smaller Banks Are 'Real’ Problem: EU’s Barnier

Europe On The Globe

Non-systemically important banks are Europe’s “real” problem - and that is why even the smallest bank in the euro zone must be under European Central Bank (ECB) supervision, Michel Barnier, the European Commissioner for Internal Market and Services, told CNBC.

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Cantor v Kantor

Cantor Fitzgerald is escalating a contract dispute with its former head of investment banking, Steven Kantor, suing Tuesday in a bid to force him to repay $9m in loans.