Spain has successful bond sale after tough week

MADRID (AP) — Spain raised €2.1 billion ($2.62 billion) Thursday from the bond markets — but investors demanded a higher interest rate out of concern that the country's troubled banks were weighing heavily on government finances.

Spanish savings banks mull merger as debt crisis bites

Three Spanish savings banks, Ibercaja, Liberbank and Caja3, are considering a merger to strengthen their balance sheets as the country's debt crisis continues to bite.

Basel III: European Union nations face off over bank capital rules

BRUSSELS: Britain and Sweden, backed by eastern European allies, squared off with Germany, France and other EU states Wednesday over rules to harden the defences of banks against any crisis.