Italian police arrested the former head of Monte dei Paschi's finance department, who is at the center of a fraud probe at Italy's third largest bank.
Low consumer confidence in Europe will remain a drag on profits for Nestle , chief executive Paul Bulcke told CNBC on Thursday after group said it expected 2013 to be as challenging as 2012.
BNP Paribas will seek to expand in Asia and the United States as Europe shows signs of a "low growth scenario" this year, Jean-Laurent Bonnafe, chief executive of BNP Paribas, told CNBC.
Discoveries so far of horsemeat in products sold as beef are likely to be the "tip of the iceberg", a British parliamentary report into the scandal said on Thursday.
Central banks scooped up more gold in 2012 than they have annually in nearly half a century as they sought to diversify reserves, the World Gold Council (WGC) said on Thursday.
Thousands of job losses in London's high-profile banking industry are causing ripple effects across a wide array of businesses that rely on the wealth of City workers.
Some of the world's most sophisticated credit investors have been ramping up their bets against junk bonds even as retail investors have been pouring money into the asset class. These investors began paring their junk-bond holdings during late 2012. The Financial Times reports.
Is the G20 finance ministers and central bankers meeting being wrecked before it starts?
A slow British economy and high prices has made London property less attractive to investors as they realize returns are low and capital values are vulnerable.
An HSBC report ranked the Japanese yen and the Swiss franc as the world's most aggressive currency warmongers.
Spain is set to usurp Germany as the strongman of Europe, due to the increasing competitiveness of its exports, say Morgan Stanley analysts.
In tough times poverty stricken rural Romanian farm owners sell their old workhorses to slaughterhouses to make a little extra cash, and begin a process whereby horsemeat winds up on the dinner table.
Rosneft is seeking to borrow $30 billion from China, making Beijing the largest consumer of Russian oil and further diverting supplies away from Europe.
A $2 trillion economy and a stock market that trades at valuations cheaper than Pakistan - Russia is struggling to gain the trust of international capital.
The view that it is never right to respond to a financial crisis with monetary financing of a consciously expanded fiscal deficit – helicopter money, in brief – is wrong
The Swiss government is taking steps to try to stop a housing market boom running out of control, announcing on Wednesday it will demand banks hold additional capital to dampen mortgage activity.
Italy successfully sold its first 30-year bond in nearly two years at an auction on Wednesday, shrugging off concerns about the outcome of a general election on Feb. 24-25.
Output at euro zone factories rose for the first time since August last year.
Iranian oil output will likely fall further from its lowest in three decades as the West tightens sanctions on the Islamic Republic, depriving Tehran of hard currency revenues, the International Energy Agency (IEA) said on Wednesday.
Forget too big to fail, as this column has noted for a while now the real issue is too big to manage, writes Moorad Choudhry.
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.