Banco Popolare and Banca Popolare di Milano are ready to announce a merger to create Italy's No. 3 bank if regulators give the green light.» Read More
Greater fiscal and political union is needed in Europe, and will be discussed by euro zone leaders within months, Joaquin Almunia, EU Competition Commissioner, told CNBC Saturday.
The Italian government is still wrangling over how best to balance its budget, losing credibility with key leaders and opinion formers.
The Swiss central bank has started to buy French and German government debt from the markets to try to bring the Swiss franc down, Dow Jones newswire wrote on Saturday, quoting a report by German newspaper Frankfurter Allgemeine Zeitung.
This week's European Central Bank meeting will show whether the ECB can save the global economy. Here's how to get ready.
The final word from the currency pits, with CNBC's Melissa Lee and the Money In Motion traders.
With the fed out of bullets, can the ECB save the global economy? The currency trade behind next week's ECB meeting, with CNBC's Melissa Lee and the Money in Motion traders. And will the Bank of Japan intervene again when it meets next week?
"If you look at the situation of the economic crisis it was always more political than financial. We need to simplify the decision-making process because at the moment it is far too complicated," Jose Maria Aznar, former Prime Minister of Spain, told CNBC.
In Greece, "further economic weakness expected this year, partly driven by the global slowdown, can only make things worse also on the fiscal front," according to economists at Credit Suisse in London.
Silvio Berlusconi’s government in Italy could be about to make a serious mistake that would have major ramifications for the euro zone and global markets.
Brazil slashes interest rates and manufacturing reports disappoint in Europe and Britain — it's time for your Thursday FX Fix.
International Monetary Fund staff have provoked a fierce dispute with eurozone authorities by circulating estimates showing serious damage to European banks’ balance sheets from their holdings of troubled eurozone sovereign debt. the FT reports.
For the past three decades September has been dreadful for the stock market, Abby Joseph Cohen told CNBC Wednesday, but August was particularly volatile. Could that mean a better month ahead?
The Swiss step back and Fed watchers are busy - time for your Wednesday FX Fix.
Inflation in the 17 euro countries remained steady at 2.5 percent in August, adding to expectations the European Central Bank will hold off from raising interest rates — and may even consider cutting them — as economic growth slows.
Many ask whether high-income countries are at risk of a “double dip” recession. But Martin Wolf of the FT argues the first one never ended. The question, according to him, is how much deeper and longer this recession or “contraction” might become.
"Inflation fears at the start of the year were always something I was skeptical about and which I always thought were overdone," Bob Parker, senior advisor at Credit Suisse, told CNBC. However, he added he was concerned that inflation could become an issue in 2013.
The UK proposal to ring-fence investment banking from retail banking, which is currently under consideration by the Independent Commission on Banking, is "barking mad ", John Cridland, director general of the Confederation of British Industry, told CNBC.
Pimco's manager in charge of the world's largest bond fund, Bill Gross, may have made a mistake when betting against US bond prices earlier this year, but the economy has deteriorated faster than anyone had appreciated, analysts told CNBC Tuesday.
Recession warnings sting, Italian debt gets no love, and the euro's in a funk.
Global recession in 2012 is “65 to 75 percent certain" and could deteriorate into a lengthy depression, Roger Nightingale, economist and strategist at RDN Associates, told CNBC on Monday.