AIB raised €750 million in a bond issue on Thursday as part of its plan to start repaying the bailout it received from the State, enjoying strong demand that bodes well for a planned stock market flotation next year, the Irish Times reported. The Government has pumped €21 billion into AIB since the 2007-2009 financial crisis, the biggest bailout given to any Irish bank still trading, and will recoup an initial €1.6 billion under its capital reorganisation.

British regulators will consider barring up to 10 executives linked to the 2008 collapse of the country's biggest mortgage lender, HBOS, some of whom still hold senior business roles, Reuters reported. The Bank of England and the Financial Conduct Authority's (FCA) long-delayed report into HBOS was published on Thursday and blamed the HBOS management for its failure and criticised the previous regulator, the Financial Services Authority (FSA).

Gayle Killilea, the wife of property developer Seán Dunne, has objected to an application in the US courts for relief that would help her husband’s Irish bankruptcy official recover assets from the couple, the Irish Times reported. In the latest development in long-running legal actions bridging bankruptcies in two countries and litigation in a third, Ms Killilea has asked a US court not to terminate the “automatic stay” that protects debtors from actions taken by creditors to recover their debts.

Switzerland's Banque Heritage said on Wednesday it would take on client assets from wealth manager Bank Hottinger, which regulators put into bankruptcy last month, Reuters reported. The agreement is expected to be among a host of deals and closures in the Swiss banking industry, as an international crackdown on tax avoidance and costly regulation put pressure on banks, many of whom had relied on Switzerland's bank secrecy rules. Consultancy KPMG has estimated the number of Swiss private banks will fall to fewer than 100 in the next three years from around 130 now.

The European Central Bank is willing to break an earlier promise and delve deeper into the world of negative interest rates. The uncertainties of this topsy turvy universe are numerous, but economists believe there is plenty of room for the eurozone’s central bankers to cut rates further, the Financial Times reported. A move deeper into negative territory, which would raise the cost imposed on lenders who leave their accounts at the eurozone’s monetary guardian in the black, could come as soon as December 3.

Global regulators have estimated that contentious new rules will force one bank to set aside nine times as much capital as it currently does to guard against market risk in its trading book, the Financial Times reported. The Basel Committee on Banking Supervision, which sets worldwide standards, is in the middle of overhauling the way banks assess risk in their trading operations. As part of that, it took a look at how the changes, known as the Fundamental Review of the Trading Book, would affect specific unnamed banks.

The Norwegian mining subsidiary of Australia's Northern Iron Ltd will file for bankruptcy on Wednesday as its $100 million debt has become unsustainable, Northern Iron told a new conference on Wednesday. Attempts to find new investors for the Sydvaranger Gruve AS mining firm, which has close to 400 employees, had also failed, it added. The two largest creditors were top Norwegian bank DNB and government investment agency Innovation Norway, Northern iron said.

Top European Union officials warned three countries on Tuesday that their budgets for next year risk violating the bloc’s spending rules, while they said that it is too soon to assess the impact on France’s budget of higher security spending in response to the recent terror attacks in Paris, The Wall Street Journal reported.

The British government announced Tuesday a deal that would see London hand over an unprecedented array of powers—including around planning, transport and employment—to a local government encompassing Liverpool and five surrounding municipalities, The Wall Street Journal reported. The British government also said it would provide £900 million ($1.4 billion) for local investment over 30 years, which will be used to turn Liverpool’s recently revamped port into a hub for trade from the expansion of the Panama Canal, set to finish next year.

Greece and its international creditors said on Tuesday that they had reached agreement on the country’s next round of economic changes, a deal that is meant to unlock as much as 12 billion euros, or about $13 billion, in loan money, the International New York Times reported. Athens had initially hoped the money would be dispensed after the Greek Parliament passed a package of economic measures last month. But eurozone finance ministers said then that the steps did not fully meet the conditions required for the next milestone payment from the country’s €86 billion bailout package.