Russia's central bank is considering relaxing rules for banks that lent to troubled airline Transaero, a senior central banker said on Tuesday, a day after a deal to buy a controlling stake in the airline fell through, Reuters reported. Alexei Simanovsky, first deputy governor of the central bank, told reporters that the bank was considering extending the time period over which banks had to create loan-loss provisions, thereby easing pressure on their balance sheets. "We are thinking that it could be an extension on creating reserves," Simanovsky said.

British mobile technology firm Globo Plc , which last month disclosed financial irregularities at the company, said on Tuesday that a court had placed it under administration, Reuters reported. Globo, under investigation from UK's financial watchdog, said the court had appointed Chad Griffin, Simon Kirkhope and Lisa Rickelton of consulting firm FTI Consulting as joint administrators. The company came under the scanner last month after U.S. hedge fund and short-seller Quintessential Capital Management raised questions about Globo's revenue model and finances in a report.

AIB is seeking summary judgment for sums totalling around €25 million against 14 business people over alleged default on loans which they had guaranteed, the Irish Times reported. The 14, along with another man who previously consented to judgment for €1.68m, gave personal guarantees of between €170,000 and €3.8m on loans made to a company in 2008. AIB claims the 15 were liable on a several basis with limited individual liability.

One stress test is over for Athens, but several more are looming, the International New York Times reported. Prime Minister Alexis Tsipras received good news over the weekend when a stress test showed that the top Greek banks needed to raise a lowish 14.4 billion euros, or $15.9 billion, in capital. But Mr. Tsipras has to implement more tough measures before he can get the economy growing. Until then, he faces political risks, which could yet tip Greece back into crisis.

Sweden’s decision yet again to take the regulatory high ground is proving awkward for much of the rest of Europe. A director at the Swedish Financial Supervisory Authority last week dared to question the status quo of letting banks treat sovereign bonds as though they couldn’t default. For Sweden, the move will probably only result in a modest increase in bank capital needs, but the political statement behind the decision is significant, Bloomberg News reported.

The Karlsruhe, Germany-based communications business Comsoft has declared itself insolvent. The specialist in air traffic control and air traffic management software is well known as a solution provider in the market and provides air navigation systems and services to civil and military air traffic control authorities. In addition, a satellite communications technology subsidiary – Comsoft Satellite Services – in which Comsoft holds a 60 per cent stake filed for insolvency on the same day – October 23.

Tens of thousands of British coal miners have lost their jobs in recent decades, during the steep decline of an industry that stoked the nation’s industrial rise, sustained it through two world wars and once employed more than one million people. Chris Jamieson will be one of the very last. In December, his job is set to disappear when Kellingley colliery, Britain’s last deep coal mine, is scheduled to close for good. In the mine’s empty parking lot, Mr. Jamieson, 50, is already thinking about the moment in a few weeks’ time when the last group of miners is hauled to the surface.

Greece’s top four lenders will need to inject up to €14.4 billion ($15.8 billion) in fresh funds to strengthen their capital base, according to the results of a health check performed by the European Central Bank released on Saturday, The Wall Street Journal reported. The amount, which was determined by an examination of lenders National Bank of Greece (NBG) SA, Piraeus Bank SA, Eurobank Ergasias SA and Alpha Bank AS., is in line with market expectations. The banks are now required to say how they plan to raise this capital by November 6.

When central banks in the US, the UK and elsewhere in Europe announced plans to pump trillions of dollars into their economies in the wake of the global financial crisis, their aim was to stave off financial collapse, the Financial Times reported. But quantitative easing, the process in which central banks create new money and use it to buy government debt and other assets from banks to lower interest rates, has had significant unintended consequences for large investors.

Barclays said on Thursday that it expected to spend an additional 1 billion pounds, or about $1.5 billion, over the next three years to meet new regulatory requirements intended to shield its retail customers from other parts of the bank during any future financial crisis, the International New York Times reported. The British bank cut its profitability target for 2016, saying that the coming structural changes required by regulators in Britain and in the United States would drag on its results. The changes include the so-called ring-fencing of its retail operations in Britain.