Is Lithuania another Iceland banking crisis in the making?

Revolut customers are protected by the Bank of Lithuania – but it’s not certain it will pay upIt is almost exactly 10 years since the 300,000 British customers lured into Icesave by high interest rates woke up to find that their £4bn in deposits had di…

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Italy cuts deficit target for 2019 to 2.04% to avoid EU sanctions

Bonds rally after Rome bows to pressure but EU says more needs to be doneThe Italian government will be forced to cut “a few billion” across two of its flagship policies to meet the lower deficit target it has proposed to the European commission.Italia…

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Deutsche Bank offices raided in connection with Panama Papers

Police search Frankfurt offices as part of investigation into alleged money launderingPolice in Germany have raided the offices of Deutsche Bank in connection with the Panama Papers revelations and as part of an investigation into alleged money launder…

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