ECB to gain far-reaching powers as euro zone banks' supervisor

(Reuters) - The European Central Bank will attain significant powers over the euro zone's commercial banks once it becomes their supervisor later this year, including withdrawing bank licences and assessing acquisitions, it said on Friday.

Market optimism tempered by European bank worries

LONDON (AP) — Stock markets retreated Wednesday as the early year optimism over the U.S. economy was tempered by renewed worries over Europe's banking sector.