Jenny Cosgrave is a writer/producer at CNBC.com covering the buy side, economics and markets. Previously she worked as a correspondent for Investment Week, covering the U.K. asset management industry.
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Deutsche Bank's co-CEO has said the bank's plans to raise $11 billion, will "take advantage of the very significant changes in the operating environment" it sees coming.
Spanish, Italian, Greek and Portuguese stocks tumbled on Thursday, after euro zone growth data disappointed and uncertainty prevailed over the prospect of the ECB announcing stimulus measures soon.
Global investors have hiked their cash holdings close to a two-year high and cut equity exposure as volatility dominates markets.
CEO of Société Générale, Frédéric Oudéa has pledged the group's Russian business will be among the main drivers of growth in profits in the next three years.
More than half of European businesses are suffering as a result of late or non-payment of bills and invoices.
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