Chris Tinker, founder of Libra Investment Services, discusses the 708 million euro ($950 million) hit related to Credit Agricole's stake in troubled Banco Espirito Santo.
Credit Agricole said it took a $950 million hit related to its stake in Espirito Santo that nearly wiped out the bank's second-quarter net profit.
Portugal bailed out Banco Espirito Santo (BES), its biggest bank. Get used to seeing this.
China posted better-than-expected GDP figures, but economists say there's little evidence of progress in rebalancing its economic growth model.
Commerzbank may pay between $600 and $800 million to resolve investigations into its dealings with countries under U.S. sanctions, sources said.
BNP pleaded guilty to conspiring to violate U.S. sanctions, as part of a nearly $9 billion settlement in which it admitted to breaking embargoes.
Strong economic growth and rising inflation have raised the odds that Malaysia's central bank could hike rates for the first time in three years.
U.S. authorities have begun settlement talks with Commerzbank over its dealings with blacklisted countries, the New York Times reports.
Milk prices may unravel the popular carry trade of using currencies such as the yen or U.S. dollar to buy higher-yielding New Zealand dollar assets.
Singapore, an Asian hub for banking and finance, is ramping up its bid to become a center for gold trading that may one day rival London.
Expectations interest rates will be lower for longer have spurred "carry trades" funded by low-yielding currencies, but some warn it's not a safe bet.
China shares are stuck between hopes low valuations may spur bargain buying and fears of a potential credit crisis, but some see trading opportunities.
Pimco is still hawking its "new neutral" expectations for interest rates to stay lower for longer, but some analysts are starting to express doubt.
Prices for Treasurys fell, pressured by sale of new coupon-bearing government debt this week and a greater risk appetite after a strong jobs report.
The euro rose against the dollar and the yen on Monday, on confidence that the ECB will not be easing policy again soon.
The euro continued to rise despite the ECB's all-out assault on the specter of deflation, and some analysts believe it won't weaken anytime soon.
The Federal Reserve released minutes from its last meeting, where it discussed the procedures for hiking interest rates.
The ECB is expected to "shock and awe" with an easing package, but some analysts worry one potential move - a negative deposit rate - may backfire.
European Union antitrust regulators charged on Tuesday HSBC, JPMorgan and Credit Agricole with rigging financial benchmarks linked to the euro.
The dollar teetered near a three month low against the yen on Monday, hit by falling U.S. interest rates.