The UK's markets regulator has fined Bank of America Merrill Lynch a record $20 million for failing to report transactions properly.» Read More
Commerzbank Chief Financial Officer Stephan Engels said the default of Detroit had dented second-quarter earnings, adding that the lender had made "adequate" provisions.
European shares closed higher on Thursday as investors reacted to strong U.S. and European data, as well as rate decisions from the European Central Bank (ECB) and the Bank of England (BoE).
U.S. stock index futures held their sharp gains Thursday, as Wall Street cheered upbeat economic data from China and Europe and a better-than-expected jobless claims report.
Some of Europe's largest banks reported better-than-expected earnings on Thursday, despite difficult trading conditions in the region, as a big week for bank results nears its end.
Frédéric Oudéa, chief executive of Societe Generale (SocGen) said he was happy with the bank's business performance after the French banking group reported second quarter net profit of 955 million euros ($1.26 billion), above a Reuters consensus of 703 million euros.
Frederic Oudea, CEO of Societe Generale, tells CNBC that overall the market may remain very accommodative and there are a series of projects which are delivering results.
Frederic Oudea, CEO of Societe Generale, tells CNBC that they are ticking all of the boxes in terms of Basel III.
The world's largest potash consortium is in jeopardy after Russian company Uralkali backed out of a venture with its partner in Belarus. This is spilling over into fertilizer stocks.
This is a big week for macro news: a Federal Reserve meeting, an advance look at second-quarter U.S. growth, and July's nonfarm payroll report. But the bigger story may be the weakness of the U.S. dollar.
June's wash-out in commodity markets – sparked by fears of that the Federal Reserve may scale back stimulus earlier than thought – has largely ran its course.
European markets closed higher, but off session highs in afternoon trade on Tuesday, as worse-than-expected factory data for the euro zone dented investor sentiment.
Club Mediterranee's top shareholders said on Monday they plan to offer to buy the holiday group alongside the company's management.
The head of Societe Generale's Russian unit Rosbank faced up to seven years in jail for bribery on Thursday after Russian investigators released a film of him with cash piled on his desk.
The chief executive of French bank Societe Generale's Russian unit, Rosbank, has been detained on suspicion of receiving illegal payments, Russia's Interior Ministry said on Wednesday.
European shares closed higher following some better-than-expected earnings reports, and upbeat manufacturing data from German.
Germany joins the U.S. at an historic high. France, Portugal and Japan also log good numbers as stocks continue to win in the hunt for yield.
Severin Cabannes, deputy CEO of Societe Generale, tells CNBC the bank has planned 600-700 job cuts in the headquarters in Paris.
Severin Cabannes, deputy CEO of Societe Generale, tells CNBC the bank decided to launch a global cost saving plan which will save 1.45 billion euros by the end of 2015.
Societe Generale, France's No. 2 listed bank, reported a 50 percent slump in quarterly profit on Tuesday on the back of a weakening domestic economy and one-off charges.
Why $1,200 is the floor for gold, according to one expert.