Finance chiefs ignored warnings over Icelandic banks
CITY Hall finance chiefs ignored warnings and continued to pour millions of pounds of taxpayers' money into Icelandic banks, the Wood&Vale can reveal.
European banking stress tests will be a missed opportunity for policymakers to reassure markets that they are capable of formulating a meaningful response to the sovereign debt crisis, unless they come down heavily on undercapitalized banks, analysts and investors told CNBC.com.