Contagion from Bulgaria’s bank run is viewed as unlikely, but the crisis has put the spotlight back on eastern Europe’s financial sector.
Michael Aronstein of MainStay Marketfield Fund criticized Fed policy but said he had increased stock exposure.
Italy’s largest lender returned to profitability in the first quarter, as it cleaned up its balance sheet ahead of euro zone bank health checks.
Fincantieri will apply to list in Milan as early as Tuesday, in what officials predict will be Italy's largest privatization program since the 1990s.
Eurozone governments are taking advantage of unexpectedly low borrowing costs to push ahead with debt issuance, the FT reports.
Chief executive of Italy's largest insurer, Mario Greco, says dividend boost should send a clear message of confidence to investors.
The CEO of UniCredit has told CNBC the bank will focus on "growth and profitability" after reporting a record annual net loss of $19.4 billion.
European stocks closed mixed on Tuesday as as the crisis in Ukraine curbed enthusiasm for riskier assets.
UniCredit, Italy's largest bank by assets, is set to unveil plans to raise 2 billion euros ($2.8 billion) on the bond market.
Fears of a bank run in Ukraine are rising, as central bank reserves sink and some 7 percent of bank deposits were lost in just 3 days.
Investors bet Hungary and Russia will be the next emerging economies forced to defend their currencies after India, Turkey and South Africa.
Euro zone banks will get time to come up with a plan to meet capital shortfalls highlighted by shock scenarios in upcoming stress tests, the European Central Bank said on Monday.
The Italian economic recovery is under way, but the job market will take a while to fully recover, the country's finance minister tells CNBC.
A delay to vital fundraising at Banca Monte dei Paschi di Siena has increased the risk that the bank has to be nationalized.
The top investor in Banca Monte dei Paschi di Siena looked set to force a delay in a 3-billion euro capital hike the Italian lender needs to carry out.
UniCredit said on Tuesday it reached a deal with Cerberus European Investments to sell a portfolio of non-performing loans.
Alexander Proschofsky, the leader of a shareholder revolt against Julius Meinl over the management of his bank, is a rare example of an activist investor in a culture where consensus is the norm.
Italy's FTSE MIB traded down 2.5 percent on Monday after members of Berlusconi's center-right People of Freedom (PDL) party threatened over the weekend to bring down Prime Minister Enrico Letta's government.
Commerzbank Chief Financial Officer Stephan Engels said the default of Detroit had dented second-quarter earnings, adding that the lender had made "adequate" provisions.
Italy's largest bank posted better-than-expected net profit on Tuesday, despite setting aside 1.7 billion euros ($2.3 billion) to cover losses on bad loans.