Nick Nelson, UBS Head of European Equity Strategy, says European bank stocks are medium-term investment.
European markets extended gains to close higher Monday, thanks to remarks from ECB head Mario Draghi and a recovery in banks and commodities.
The turmoil hitting the markets and sharp plunge in banking stocks is sparking concern among the euro zone's finance ministers.
Global markets are just plain scared about many things but perhaps the biggest fear is that the world's central banks are no longer able to rescue them.
European stocks ended sharply lower on Thursday, as bank and commodity stocks sold off and investors remained jittery over the global economy's health.
Battered banks are sending Europe’s markets into meltdown. However despite the turmoil, analysts believe there are some pockets of value.
CNBC's Louisa Bojesen reports European banks are pulling markets lower as SocGen leads financial stocks lower.
Dominic Elliott, Reuters Breakingviews, weighs in on the slide in global banks as investors become concerned over central banks' ability to control the economy and interest rates sit at historical lows.
CNBC's Nancy Hulgrave provides highlights from her interview with Societe Generale's CEO as shares drop sharply after missing expectations and setting aside 400 million euros to cover litigation costs.
French bank Societe Generale reports worse-than-expected fourth-quarter net profit.
CNBC's Steve Sedgwick has the update on what's driving volatility in European financial stocks.
Frédéric Oudéa, CEO of Societe Generale, says low oil prices, low interest rates and a weak euro support the euro zone economy.
Frédéric Oudéa, CEO of Societe Generale, says there is too much nervousness affecting markets which is not justified by reality.
The U.S. crude settle came in at $30.44 a barrel, according to the NYMEX.
Barclays will announce investment banking job cuts across Asia next week, including closures in South Korea and Taiwan, sources said.
Commodity prices are unlikely to recover to the peaks seen earlier but some major classes may have hit the bottom.
European markets held onto gains on Wednesday ahead of a widely-expected interest rate rise by the U.S. Federal Reserve.
As the Fed meeting approaches, strategist believes the Fed may not live up to the Street's expectations.
The chief executive of a new messaging firm, that could rival Bloomberg’s service, has spoken of the merits of being backed by tech giant Google.
European equities ended mixed on Thursday as investors reacted to a stronger dollar and more corporate earnings.