European equities were higher with investors cheering a rally in oil prices and digesting the aggressive easing measures the ECB announced.
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Banco Popolare and Banca Popolare di Milano are ready to announce a merger to create Italy's No. 3 bank if regulators give the green light.
Deutsche Bank plans to write down the value of Postbank by about a third, ahead of a planned sale of the retail unit, sources said.
Unicredit reports surprise fourth-quarter net profit in a tough three months which saw it cut 1,300 jobs and close 121 branches.
Australian and Japanese markets tumbled on Tuesday, as investors pulled cash from stocks in favor of safe havens.
2016 is proving a difficult year for European banks, as the industry grapples with nonperforming loans, rocky markets, increasing regulation and EM volatility.
Eurozone quantitative easing was launched to save the single currency bloc. But it may end up making it easier to break the eurozone apart, The Financial Times reports.
European shares closed lower on Wednesday, with investors shunning banking stocks after regulators announced penalties.
German exports and industrial output rebounded in September, likely helping Europe's largest economy to avoid falling into recession.
Europe's banking health check has shown countries and lenders are implementing global capital rules at vastly different speeds.
Europe's stock markets closed lower after a closely-watched German economic report came in weaker than expected.
The ECB gave more details of its asset purchase program on Thursday, but left markets uneasy by failing to give clear guidance on their size.
Italian Prime Minister Matteo Renzi on Monday overcame fierce opposition to get backing to make it easier to fire workers.
European benchmarks closed higher, although gains were capped by weakness seen in the Italian and Spanish markets.
The $6.6 billion bailout of Portugal’s largest bank poses a warning on exposure to “fragile” emerging markets, analysts have cautioned.
France has gathered support to challenge regulators imposing penalties on banks at a G-20 meeting after $8.9 billion fine was levied on BNP Paribas.
Italy’s banks are “quite well-prepared” for the upcoming European stress tests, the second-in-command at the central bank told CNBC.
Commerzbank may pay between $600 and $800 million to resolve investigations into its dealings with countries under U.S. sanctions, sources said.
Although hopes are high as the second quarter earnings roll out, revenue growth looms as a potential problem.