The dollar recovered Thursday after Wednesday's losses following the Fed's decision to keep the stimulus intact, but its prospects remained bleak.
Three French banks have joined forces and launched an online mobile payment portal, hoping to challenge Paypal’s influence in the country.
As the U.S. economy is gaining traction, economists argue that the growth is why things look bad for the dollar and bond markets.
This week's Fed meeting is likely to top all others in Asia, as investors wait to see if a scaling back of the monetary stimulus is about to begin.
Stocks closed near session lows Tuesday, with major averages logging their biggest declines since June, after two Federal Reserve Presidents said the central bank could begin tapering its easy-money program as early as September.
U.S. stock index futures were slightly lower Tuesday with investors looking for fresh catalysts to further propel the recent market gains that pushed major averages to record highs.
Credit Agricole reported a more than twelve fold gain in quarterly profit on Tuesday from a year-ago period, depressed by Greece and Italy-related provisions.
Portugal's top bankers have called on Europe's leaders to stop "playing with fire" and moderate their stance towards the euro zone periphery, or risk instilling alarm among bank depositors in future, the FT reports.
European shares closed higher following some better-than-expected earnings reports, and upbeat manufacturing data from German.
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.
The chairman of CITIC Securities is busy remodeling China's biggest brokerage after Goldman by expanding into asset management, trading complex derivatives instruments and nurturing overseas deals.
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.
Mike Mayo is now trying to get back in—by buying up shares in bank stocks, an effort to gain entre to key investor meetings usually closed off to analysts.
U.S. stock index futures briefly dipped Wednesday following a weaker-than-expected housing starts report, but rebounded into positive territory ahead of the minutes from the Federal Reserve's latest meeting and a day after all three major averages closed at fresh multi-year highs,
Credit Agricole posted a 6.5 billion-euro ($8.68 billion) full-year loss - the worst since the French bank went public in 2001 - as taxes on the sale of its Greek unit pushed the bank even deeper into the red than expected.
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.
Monte dei Paschi pumped up its bid for Antonveneta to trump a rival offer from France's BNP Paribas, paving the way for an eventual state bailout of the world's oldest bank.
European shares inched up on Friday, as investors took advantage of the past two sessions' losses to snap up equities more cheaply, reassured by a run of solid data from China, Europe and the United States.
The Netherlands has nationalized bank and insurance group SNS Reaal in a $14 billion rescue that highlights the fragility of European banks and the continued exposure of taxpayers five years after the financial crisis erupted.