The U.K. bank-to-funerals business announced a £2.5 billion loss, bringing to an end what the CEO called a "disastrous year" for the mutual.» Read More
With thousands of jobs axed and many more under threat in London's financial center, City workers are leading an exodus from the City as they consider alternative careers and dramatic life changes.
Russian businesses and banks that face losses from the Cyprus bailout are considering legal action but may have a hard time making a case.
Although markets initially held up in the face of renewed chaos, market watchers and analysts are warning that the flare up in the euro zone debt crisis could once again curb investor sentiment.
Austerity is grinding Portugal down. The risk is that improving exports alone will not be enough to restore growth.
Investors are prone to add unnecessary significance to the latest piece of fast-moving market noise, while underestimating or missing large and slow-moving shifts that have huge impact, say Alexander Friedman and Kiran Ganesh from UBS.
Fed Chairman Ben Bernanke on Monday defended the central bank's aggressive easing of monetary policy, saying while it was aimed at bolstering the U.S. economic recovery, it was helping other countries as well.
As economists warned of the devastating impact the bailout would have on the Cypriot economy, ordinary Cypriots attempted to come to terms with a new reality.
The relationship between Cyprus and Russia will not be hurt as a result of the bailout, Cyprus' finance minister told CNBC. But Russia's prime minister suggested otherwise.
An eleventh-hour deal in Cyprus helped Asian and European markets higher on Monday, but analysts warn that "risk-on" may be short lived, with downside risks remaining.
Silvio Berlusconi repeated a demand on Monday to be included in any new Italian government, but there was no sign his center-left rival would renege on a promise not to ally with the tycoon as a way out of political stalemate.
The assessment of officials and bankers on the Mediterranean island suggest the bulk of the billions of euros of Russian money in Cyprus comes from smaller firms and middle-class savers, and not the super-wealthy.
Cyprus is expected to take some dramatic measures this weekend to secure an EU bailout, including approving some type of tax on big savers.
Fitch ratings agency warns that they may cut the UK's AAA credit rating due to the country's deep economic problems.
Cyprus' lawmakers geared up to vote on a series of bills put forward in a renewed effort to strike a bailout deal with European partners on Friday after talks with Russia collapsed.
With Europe locked in a multi-billion-dollar game of chicken with Cyprus, markets Friday were watching closely to see which side would blink first.
The British media enjoy any opportunity to hail or condemn Margaret Thatcher, and the current Chancellor's 2013 budget gave them such a moment.
The Dutch finance minister and new head of the Eurogroup of finance ministers, Jeroen Dijsselbloem, told CNBC that he was confident that an agreement could be found for Cyprus, but Russia might not be the source of the solution.
The Bank of England (BoE) may have been given the green light to use "unconventional monetary policy instruments", but it actually needs to engage in some monetary policy "realism", Andrew Sentance, senior economic advisor at PwC, told CNBC.
Hermes said operating margin last year reached its highest level since they listed in 1993 on robust demand for its hand-crafted leather goods and printed silk scarves.
H&M, the world's second-biggest fashion retailer, posted a slightly bigger drop than expected in first quarter pretax earnings.
Bitcoin fans learnt that one of the virtual currency's exchanges will enforce customer verification checks from Thursday.
Google is challanging Apple's iPhone with MotoX, the FT reports.
The recent move by the Swiss government to allow banks to sidestep secrecy laws won't prevent them from depositing money in the country.