European stocks closed lower, after fluctuating for much of the day, as investors reacted to rate decisions by the BoE and the ECB.» Read More
U.K. authorities have announced plans to hit misbehaving bankers in the pocket, and could potentially demand the repayment of seven-year-old bonuses.
European stocks ended the day lower with peripheral stocks leading the declines, as Portugal's PSI 20 Index fell over 4 percent.
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.
After languishing as stocks reached record highs, the VIX has sprung back to life—bringing with it a dose of fear for the stock market.
European shares ended the day lower, dragged down by banking stocks amid reports that more lenders had begun settlement talks with U.S. authorities.
Although hopes are high as the second quarter earnings roll out, revenue growth looms as a potential problem.
Some of the names on the move ahead of the open.
U.S. authorities have begun settlement talks with Commerzbank over its dealings with blacklisted countries, the New York Times reports.
Shares of Bulgaria's First Investment Bank fell more than 20 percent on Friday, as the central bank warned of an attempt to destabilise the country through an organised attack on the banking system.
Crude ended the session mixed, as traders watched developments in Iraq and awaited U.S. oil inventory data.
Retail sales missed expectations, and state unemployment benefits claims climbed higher than expected.
Subdued euro zone inflation data kept expectations of aggressive European Central Bank monetary stimulus alive, much of which is priced in.
The euro recovered early losses on Monday after European election results saw gains for Eurosceptics but did not deliver a serious domestic blow to some European governments.
Commerzbank said it had suspended two foreign exchange traders under suspicion of having attempted to manipulate euro/zloty prices in regular trading.
U.S. oil prices rose as a weak dollar prompted buying, while Brent prices fell on concerns about China's slowing economy.
Gold ended lower on Thursday, extending the previous day's more than 1 percent drop, after the ECB it may act to stem falling inflation.
U.S. crude oil prices jumped by more than 1 percent after a government report showed a sharp drop in inventories in the United States.
Commerzbank posted a rise in profit in the first quarter as significantly improved earnings in retail banking and its Eastern European operations compensated for weaker investment banking income.
U.S. crude rose as expectations of a build in inventories were undermined by record low stocks at the benchmark's Cushing delivery point.