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Greece and euro zone thrash out rescue deal

Vulcano at Nissyros

European leaders in Brussels have reached a third bailout deal for Greece on Monday morning after more than 17 hours of talks on the thorny subject of reforms and more financial aid for the near-bankrupt country.

UBS and C Suisse may face tighter rules

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Switzerland should adopt stricter capital requirements for UBS and Credit Suisse following the introduction of tighter rules in the U.S. and the U.K., a government-appointed panel recommended, concluding a yearlong review of measures to avoid bailouts.

Ex-AIG CEO's $25bn bailout lawsuit to go ahead

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A federal judge has rejected the United States' bid to dismiss a more than $25bn lawsuit filed by Maurice 'Hank' Greenberg, the former chief executive of American International Group Inc, over the insurer's government bailout, clearing the way for a September 29 trial.

Good news at RBS

RBS building sign

Royal Bank of Scotland has cancelled one of the final pieces of the multi-billion pound bailout package put in place five years ago as part of its $74.9bn taxpayer-funded rescue.

Financial crisis was a 100-year storm: Hank Paulson

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The 2008 financial crisis was a 100-year storm, and no one involved in it had ever seen anything like it, former Treasury Secretary Hank Paulson told CNBC on Friday-nearly five years since the bankruptcy of Lehman Brothers.

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Vulcano at Nissyros

Greece and euro zone thrash out rescue deal

European leaders in Brussels have reached a third bailout deal for Greece on Monday morning after more than 17 hours of talks on the thorny subject of reforms and more financial aid for the near-bankrupt country.