E.U. Financial Ministers Clash Over Banking Supervisor Plan

BRUSSELS — Finance ministers of the European Union locked horns Tuesday over the creation of a single banking supervisor for the euro area, which is supposed to be a key tool for avoiding future financial crises.

Spain requests €39.5bn bank bail-out, but no state rescue

Spain's economy ministry said it had requested the disbursement of €39.5bn (£32bn) of European funds for its banking sector, as agreed under a June rescue deal.