LONDON, July 29- Banks from Italy, Ireland, Spain and Austria fared worst in the latest European Union stress test, which the region's banking watchdog said on Friday showed there was still work to do in order to boost credit to the bloc's economy. "While a number of individual banks have clearly fared badly, the overall finding of the European Banking Authority- that... » Read More
Commercial banks' overnight deposits at the European Central Bank hit a new record high of 464 billion euros, data showed on Monday, and traders said they could hit half a trillion euros by next week.
There is a lot of negativity priced into Hungary, whereas Poland is considered the "darling" of Central and Eastern Europe, Bartosz Pawlowski Emerging Market Strategist at Barclays Wealth Management, said. "Before the month ends we're going to have more clarity and it's going to be a good investment," he said.
No European nation is strong enough to ride out the continent's debt crisis alone, Italy's new premier insisted Saturday, urging fellow EU members to develop a common growth policy.
Crosscurrents from Europe, a gaggle of Fed speakers and the start of earnings season in the coming week will provide a critical test for markets in the new year.
The euro is getting pummeled, and the upcoming European Central Bank meeting is unlikely to change its course.
The week's top business news and investing advice, including top picks for 2012 and defense, with CNBC's Mandy Drury.
The European Union lost investors' trust in sovereign debt when the EU forced them to take losses in Greek debt last year, the governor of the Central Bank of Cyprus told CNBC Friday.
Discussing continued uncertainty over Europe and the euro dropping below $1.27 for the first time since September 2010, with CNBC's Steve Liesman, and Athanasios Orphanides, Central Bank of Cyprus governor.
Despite a steady flow of positive economic news, fears over European debt contagion have prevented investors from believing that a recovery has taken hold, Pimco's Mohamed El-Erian told CNBC.
Oil prices could spiral out of control and potentially herald deeper economic hardship for Europe if the European Union joins the US in banning Iranian oil imports, analysts warned on Friday.
The euro is under pressure and Switzerland's top central banker is under fire - it's time for your FX Fix.
The euro will not collapse as a result of the sovereign debt crisis plaguing the euro zone and is more likely to rise than fall in the coming months, HSBC currency strategists said in a new report.
European Central Bank (ECB) governing board member Christian Noyer said on Friday that sovereign debt issuances across Europe were going better since the start of an ECB 3-year liquidity operation for banks last month.
The euro is having a rough ride, and this strategist sees more trouble ahead.
If oil prices resume their climb, this strategist says you can profit from a euro trade.
Win Thin, head of emerging markets strategy at Brown Brothers Harriman, assess how low the euro can go.
Europe, in recession, continues to "muddle through" its financial problems but the debt crisis will ease, according to one of 10 bold 2012 predictions by BlackRock's Bob Doll.
A French bond sale fails to lift the euro, and the dollar is edging up - it's time for your FX Fix.
The risks to global growth are increasing, which may prompt the International Monetary Fund to forecast a recession for Europe this year, according to Zhu Min, deputy managing director of the IMF.
As many as 10,000 bankers at Royal Bank of Scotland face the prospect of losing their jobs, as the state-owned UK bank draws up detailed plans to retreat from investment banking, the FT reports.