Global Business & Emerging Markets

Europe moves toward banking union, allows banks to tap bailout fund directly.

Merkel increasingly isolated as other leaders back euro bonds, growth measures.

Proposed U.S.-E.U. agreement would set a good example for other nations, Kaeser says.

Bank will pay $453 million; CEO Diamond and other executives to forgo bonuses.

German chancellor calls joint euro-area bonds wrong way to achieve greater integration.

Decision on antitrust penalty could encourage EC to pursue other violations.