European equities closed higher on Friday after a choppy end to trading in July, as investors eyed key earnings and data from the U.S., and slipping commodity prices.» Read More
DUBLIN, Oct 8- The Irish central bank on Monday announced the names of six lenders under investigation over mis-selling payment protection insurance and said it was considering enforcement action against them.
DUBLIN, Oct 8- These are some of the leading stories in Ireland's newspapers on Monday. -The Central Bank has named six of the seven lenders ordered to review whether they had mis-sold payment protection insurance with loans or credit cards and has warned that lenders face enforcement action over any mis-selling.
DUBLIN, Oct 3- Irish credit institutions will pay a combined 25 million euros per year into a new 350 million euro resolution fund to minimise taxpayer's exposure to future problems in the financial sector, the government on Wednesday.
DUBLIN, Oct 3- Allied Irish Banks will increase its mortgage rates by 0.5 percentage points for the second time in two months in November in a bid to stem big losses, putting pressure on struggling home owners in the process.
You can’t become one of the world’s richest men and not take a calculated risk or two. Right now, billionaire Wilbur Ross is doing just that.
Bank of America shares have been rallying this year after a dismal 2011, suggesting there is little chance for a positive surprise from the bumbling banking giant when it reports fourth-quarter earnings before Thursday's open.
Yesterday, hedge-fund manager David Tepper’s Appaloosa Management revealed it had purchased an 8.64 percent stake in MF Global Holdings Ltd. stock just days after the securities firm declared bankruptcy, according to a filing with SEC.
The idea of a European Union sounded so good, but the question always was when push came to shove, what would prevail: country or union?
Billionaire investor Wilbur Ross told CNBC Tuesday he was not perturbed by last week's volatile market swings.
Ireland’s central bank just announced results of the latest stress tests on its banks. It indicated that four of the country’s largest banks could require up to 24 billion Euros of additional capital, including 13.3 billion Euros for Allied Irish Banks and 5.2 billion Euros for Bank of Ireland.
The stress tests, due to be published later Thursday, are expected to show the country's banks need more liquidity support than first believed, but even so, some analysts say they will still be insufficient.
The Lightning Round is extended in this CNBC.com exclusive feature.
Most major European indices are down 1 percent to 2 percent, as more sovereign debt contagion worries spread. Europe’s FT Deutschland newspaper reported that euro zone countries are seeking to push Portugal to accept a bailout package to prevent its bigger neighbor Spain from doing the same. Portugal has denied the report.
Stocks finished the session sharply higher Wednesday ahead of the Thanksgiving holiday, following a handful of reports that offered some hope that the U.S. economy was improving.
Stocks were trading sharply higher Wednesday following a handful of reports that offered some hope that the U.S. economy was improving.
Stocks added to gains Wednesday after a handful of economic reports pointed to an improving economy.
S&P futures had popped about 5 points as initial jobless claims were better than expected, and at 407,000 the lowest since July 2008. Also: Luxury retailers keep rolling; Deere falls on mixed earnings; big BP natgas find.
Several issues around euro zone bailouts, traders tell me: Ireland, Portugal and Greece. Is this the end or are we watching for other like Spain to follow suit? What about other 'peripheries' we haven't really been discussing, like Hungary, Czech, etc. And there's more...
The pan-European stress tests on the banking sector were not tough enough to reflect future worsening conditions for the continent's economy, Nouriel Roubini told CNBC.com.
"There are more problems coming in the currency markets, pension funds, US states and cities, etc. None of this was considered although the latter is only indirect for the European banks," the famous investor told CNBC.com.