CNBC's Louisa Bojesen reports European banks are pulling markets lower as SocGen leads financial stocks lower.» Read More
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.
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Journalists seem to be outnumbering Cypriots standing in lines at banks in Nicosia. That's good news, right?
There is serious damage accumulating in European banks, yet at least for today, Cyprus isn't all to blame.
European shares finished lower Monday, after comments from the head of the Eurogroup who said a Cyprus bailout deal could be a new template for resolving euro zone banking problems.
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.
European shares closed lower on Tuesday as markets await the outcome of a critical vote in Cyprus to tax bank deposits.
European shares closed off their sessions lows on Monday, bouncing back from sharp falls in the first day of trade since a surprise bailout plan for Cyprus that includes a levy on savers was announced.
Societe Generale's Albert Edwards once again dismissed U.S. equities as overvalued, while calling on investors to hurry if they want to find good value European stocks.
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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.
U.S. stock index futures held their gains Wednesday following a pair of economic reports, a day after the Dow and S&P 500 closed at multi-year highs.
French bank Societe Generale has named a new chief financial officer and reshuffled its management team after swinging to a loss in the fourth quarter on the back of a weak euro zone economy and one-off charges.
Frederic Oudea, CEO of Societe Generale, tells CNBC that the bank has restructured, re-focused and finished deleveraging with the capacity to generate revenues intact.