MELBOURNE (Reuters) - The global financial system is radically flawed and radical solutions are needed, so regulators must resist attempts to dilute proposed reforms, a top European watchdog said on Monday. The worst market turmoil since the Great Depression has sparked a fundamental rethink of how banks and markets are supervised following the failure to spot the risks that led to ...

Ernst Beyeler, whose early eye for undervalued Picassos and Impressionists helped him assemble one of Europe's most famous art collections, has died, his Beyeler Foundation said Friday. He was 88. Beyeler died Thursday evening at his home near Basel, said the museum, which he created ...

(Reuters) - Twenty-four European banks may need to issue about 240 billion euros ($327 billion) annually for the next three years to fund existing and new businesses, as well as to meet the new Basel stable funding requirements, Citigroup said. The volatility in bond markets have once again elevated the issue of funding for banks, Citigroup analysts said, adding that sovereign ...