CNBC's Carl Quintanilla reports on all the market moving events in Europe today, including a fall in euro zone inflation and the EU ban on five Russian banks from raising capital.» Read More
Global banks are going to take far longer than previously imagined to clear away debris left by a receding tide of U.S. subprime mortgages which has played havoc with balance sheets, a top investment banker said on Monday.
European bank stocks took a dive on Thursday as fear spread among investors that the U.S. subprime crisis will take another huge chunk out of profits in the fourth quarter.
Major European markets ended in positive territory Monday, as anticipation of lower U.S. interest rates helped sentiment.
Nordic telecommunications operator TeliaSonera on Friday reported a 6.8 percent rise in its third-quarter net profit, boosted by higher sales and its minority-owned operations in Eurasia, but still warned for more savings initiatives.
Britain only has itself to blame for how problems at Northern Rock turned into the first run on a UK bank in 140 years, the European Union's top financial regulator, Charlie McCreevy, is expected to say later Friday.
Spain's largest bank Santander posted nine-month net profit of 6.57 billion euros ($9.35 billion) on Thursday, up 32.8 percent year-on-year and slightly above analysts' forecasts.
European Union leaders clinched final agreement on Friday on a treaty to reform the 27-nation bloc's institutions, replacing a defunct constitution and ending a two-year crisis of confidence in Europe's future.
The strength of the euro could push this country back into the world prominence it knew after Columbus discovered the New World.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Better-than-expected earnings from mobile-phone company Sony Ericsson boosted telecommunications stocks in Europe and added to a firm close for the major indexes Monday.
European Union finance ministers agreed on Tuesday to review a slew of financial rules in the light of the summer's credit squeeze that tipped securities markets into turmoil.
The world's top banking supervisors gathered on Monday to review remedies to a crisis that has seen a major disruption of the global financial system and risks to global growth.
Spanish funds within a group looking to buy Spanish carrier Iberia will control both the board and hold the majority of its capital if successful, an industry source told Reuters on Thursday.
ICAP, the world's biggest inter-dealer broker, said on Thursday it expected annual underlying profit to be at the upper end of analysts' forecasts, with recent market volatility helping to boost trading volumes.
Spanish power firm Iberdrola is in talks with British Energy over a possible partnership to build new nuclear plants in Britain, industry sources said on Wednesday.
French-Dutch airline Air France KLM is planning to team up with two Spanish firms to bid for Spain's Iberia against a group led by private equity group TPG, Expansion newspaper said on Wednesday.
European stocks closed mixed under the weight of the impact of the global credit turmoil on the banking sector and with scattered good news from other sectors.
Algerian state-owned oil and gas group Sonatrach declined to comment on a report it has offered Banco Santander 5.7 billion euros ($8 billion) for its 30% stake in Cia Espanola de Petroleos.
Troubled British mortgage lender Northern Rock has taken legal advice about whether to pay out a 59 million-pound (US$119 million) dividend to shareholders, the Financial Times said on Monday.
Three leading hedge funds are planning a break-up of beleaguered British bank Northern Rock, according to a newspaper report on Sunday.
Norwegian Petroleum and Energy Minister Odd Roger Enoksen has resigned, the prime minister's office said on Friday without naming his replacement.