Britain's Financial Services Authority announced Monday detailed proposals on how to overhaul Libor following the scandal over fixing the key global interest rate. The FSA announced final proposals for new regulations on how financial market benchmarks are calculated, tightening requirements that information is more transparent. Barclays, Royal Bank of Scotland and UBS have paid over $2 billion to settle allegations they manipulated Libor to their advantage or hide their financial strains during the 2008 credit crunch.

China Construction Bank, one of the country's top four lenders, said its net profit rose 14.1 percent year-on-year in 2012, lifted by growth in net interest income. Net profit was 193.2 billion yuan ($31.2 billion) last year, rising from 169.3 billion yuan in 2011, the bank said in a statement over the weekend. Net interest income -- calculated from interest earned less interest paid -- jumped 16.0 percent on-year to 353.2 billion yuan and accounted for more than two-thirds of the bank's operating income last year, it said.

Extended bank closures, such as the current nine-day shutdown in Cyprus, may be an extreme and rare measure, but they are not unheard of as governments seek to keep depositors from making runs on banks while officials sort out shaky financial sectors. Although central banks are usually in position to bail out failed commercial banks, there are other cases as well where uncertainty can be severe enough to threaten banking systems and force authorities to act. Here are some examples of government-endorsed bank closures:

By Philipp Halstrick and Alexander Hübner FRANKFURT (Reuters) - German markets watchdog Bafin is set to rebuke Deutsche Bank <DBKGn.DE> over how it supervised its contribution to the setting of inter-bank lending rates at the heart of the international rate-rigging scandal, several sources familiar with Bafin's investigation said.