Italian banks Banca Popolare di Vicenza and Veneto Banca have submitted a draft merger plan to the European Central Bank that includes a new capital injection of between 4 billion and 5 billion euros ($4.3-5.3 billion), Il Messaggero reported without citing sources. Source Reuters
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Austrian Interior Minister Wolfgang Sobotka has urged the EU to extend the country’s border controls. Citing security concerns, Sobotka said he “simply needs to know who is coming to our country.” “In terms of public order and internal security, I simply need to know who is coming to our country,” Source Deutsche Welle
The European Commission opened a legal case against Hungary on Wednesday over a new higher education law that threatens to shut down a Budapest university founded by U.S. financier and liberal philanthropist George Soros. Source Reuters
Ukraine’s state security service (SBU) raided the Kiev offices of Dragon Capital, one of the country’s largest investment banks, over the alleged use of illegal software at its premises, the bank’s spokeswoman said on Wednesday. Source Reuters