The Finnish central bank governor told CNBC that the ECB stands ready to take further measures if required.» Read More
Commerzbank posted a 15 percent rise in quarterly net profit as it set aside less cash to cover ailing loans held in its restructuring division.
Willie Walsh will head the board responsible for setting debt and investment targets as Ireland reenters financial markets after a bailout.
Gold bulls pressed the case for gold as an alternative to an embattled U.S. dollar amid still fragile economic growth and debt of over $17 trillion.
European shares closed lower on Wednesday with investor sentiment still subdued as concerns weighed about U.S. borrowing.
Benchmark oil prices will likely extend their declines this week as Iran's leadership adopts a more moderate stance towards the West.
European shares closed higher on Thursday following better-than-expected trade numbers from China, signaling tentative signs of an economic recovery.
Commerzbank Chief Financial Officer Stephan Engels said the default of Detroit had dented second-quarter earnings, adding that the lender had made "adequate" provisions.
Spain's Banco Santander has considered investing in Commerzbank, Germany's second-biggest bank, the daily Die Welt reported.
European shares closed higher on Monday as investors breathed a sigh of relief following the release of second-quarter Chinese growth data.
Germany approached Swiss Bank UBS to discuss selling the government's stake in Commerzbank, a magazine reported over the weekend.
Germany's banking system is one of the worst in the world, according to Paul Gambles, managing partner at advisory firm MBMG International, who told CNBC that Deutsche Bank is over-leveraged and is an accident waiting to happen.
Benchmark oil prices are set to decline further this week after the Fed's Chairman put markets on notice last Thursday that they will be weaned off the "easy-money" policies.
German lender Commerzbank will shed more than 5,000 jobs as part of its cost cutting program, a person familiar with the negotiations told Reuters on Tuesday.
The yen rose against the U.S. dollar on Friday for a fourth straight day as investors unwound bets against the Japanese currency due to uncertainty surrounding central banks.
European shares were higher in early afternoon trade on Wednesday despite preliminary growth data from the euro zone missing estimates.
Commerzbank is offering shares at a deep discount in a 2.5 billion euro ($3.3 billion) capital increase aimed at repaying funds it owes to the German government and insurer Allianz.
Stocks finished near their best levels Tuesday, with the S&P 500 extending its recent rally to a fresh high and the Dow closing above the 15,000 milestone for the first time.
European shares closed higher following some better-than-expected earnings reports, and upbeat manufacturing data from German.
Germany joins the U.S. at an historic high. France, Portugal and Japan also log good numbers as stocks continue to win in the hunt for yield.
U.S. stock market index futures signaled a higher open on Tuesday, as shares in Europe and Japan rallied on upbeat bank earnings and a weak yen, respectively.