Mortgage Demand Weakens; Europe Approves New Regulator

Receiving Wide Coverage ...

New EU Regulator: Over strong German objections, the European Union went ahead Thursday with plans to create supranational agency empowered to regulate the continent's banking industry and shutter failing banks the New York Times reported. Approval of the so-called single bank resolution system represents a huge step on the road to a European banking union. Creation of such a powerful agency was important enough that it should have required changes to the...