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Banking Latest News: New Slovenia Central Bank Chief Says no Need for Bailout

Wochit 1:13 mins

Bostjan Jazbec, the euro zone's incoming Slovenian central bank governor, said that Slovenia does not currently need international financial help to sort out its crumbling banking system although aid cannot be ruled in future. The U.S. Securities and Exchange Commission heads to trial against Fabrice Tourre, 34, a former Goldman Sachs bond trader. Legal experts say it is the highest-profile trial to date stemming from the SEC's investigation of the events leading up to the 2008 crisis and presents a chance for the SEC to hold an individual responsible at trial. Greece's bank rescue fund picked Eurobank to buy New Hellenic Postbank as part of consolidation in the sector and to meet a condition for the next tranche Greece's bailout, it said after a board meeting on Saturday. Athens agreed with its euro zone and International Monetary Fund backers to sell Postbank (TT) and Proton Bank by July 15 as a condition for the release of more funds from the 240 billion-euro rescue keeping Greece afloat.

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