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.
French bank Natixis posted second-quarter profit and revenue that beat estimates on Tuesday, after rival Credit Agricole reported results that also topped forecasts.
Expectations for a rate cut in the euro zone soon and domestic bond purchases announced by the Bank of Japan have lifted the mood on debt markets, pushing investors to take more risk in exchange for higher returns.
Journalists seem to be outnumbering Cypriots standing in lines at banks in Nicosia. That's good news, right?
Small companies struggling to repay loans in Italy and Spain signal bigger problems on the horizon for the euro zone after the dust has settled on Cyprus's last-ditch bailout.
There is serious damage accumulating in European banks, yet at least for today, Cyprus isn't all to blame.
European shares closed off their sessions lows on Monday, bouncing back from sharp falls in the first day of trade since a surprise bailout plan for Cyprus that includes a levy on savers was announced.
European shares closed lower on Friday as as investors booked gains after a 10-day global rally.
The Bank of Italy told Italian banks to further hike provisions they set aside against bad debts to take into account the worsening economic scenario and asked lenders which posted losses not to distribute dividends or bonuses.
Hopes of a victory for a pro-reform Italian government helped fuel a stock market rally and support government bonds on Monday in the final stages of voting in the general election.
Twenty percent of Italian companies are set to fail, Intesa Sanpaolo Chief Executive Enrico Cucchiani, told CNBC on Wednesday.
Monte dei Paschi pumped up its bid for Antonveneta to trump a rival offer from France's BNP Paribas, paving the way for an eventual state bailout of the world's oldest bank.
German retail sales tumbled by their largest amount in over three years in December, preliminary data showed on Thursday, denting hopes that private consumption can compensate for weaker exports and lift Europe's largest economy this year.
The European Central Bank (ECB) and European Banking Authority (EBA) are aiming to carry out a joint stress test on Europe's major banks in September, sources told Reuters.