Risk of Bank Failures Rising in Europe, E.C.B. Warns
The European Central Bank warned that the euro zone’s slumping economy and a surge in problem loans were raising the risk of a renewed banking crisis, even as overall stress in the region’s financial markets had receded.
Switzerland Frees Banks to Resolve U.S. Tax Inquiries
The Swiss government said that it would let its banks disclose names of clients, in a move that would help resolve a dispute between the United States and Switzerland over tax evasion.
Justices Make It Easier for Inmates to Challenge Convictions
The Supreme Court said a one-year filing deadline for prisoners seeking federal review of their state court convictions under a 1996 law may be relaxed if they present compelling evidence of their innocence.
China to Seek More Equal Footing With U.S. in Talks
President Xi Jinping told President Obama’s national security adviser that he will seek a new “great power relationship” at a summit meeting next week.
Obama and Christie to View Recovery on Jersey Shore
President Obama and Gov. Chris Christie will revisit areas hit by Hurricane Sandy to demonstrate how much the Jersey Shore has recovered since the devastating storm barreled into the boardwalks and oceanfront neighborhoods along the Atlantic coast at the end of October.