ECB May Be Given Sole Power to Grant Bank Licenses

The European Central Bank would have the sole power to grant banking licenses under proposals to give it supervisory powers and build a euro-area banking union, a European Union official said.
Jefferson Davis Statue Removed from University of Texas
29:29 - Bloomberg's Vonnie Quinn highlights the photos illustrating headlines from around the world on "Bloomberg Surveillance." (Source: Bloomberg)
  • Are Lower Oil Prices Finally Good for America?
  • Are Luxury Brands Feeling the Heat from China?
  • Sub-$2 Gasoline?: Price Lags Oil Market's Collapse