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  • Unicredit to sell $1.3 billion of non-performing loans Tuesday, 24 Dec 2013 | 3:36 AM ET

    UniCredit said on Tuesday it reached a deal with Cerberus European Investments to sell a portfolio of non-performing loans.

  • Carl Icahn

    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.

  • Italian stocks tumble as Berlusconi battle heats up Monday, 26 Aug 2013 | 8:50 AM ET
    Former Italian Prime Minister Silvio Berlusconi.

    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 says took hit on Detroit exposure Thursday, 8 Aug 2013 | 4:28 AM ET

    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.

  • Natixis beats net profit, revenue estimates Tuesday, 6 Aug 2013 | 11:39 AM ET

    French bank Natixis posted second-quarter profit and revenue that beat estimates on Tuesday, after rival Credit Agricole reported results that also topped forecasts.

  • Italy Borrowing Costs Fall on Strong Demand Thursday, 11 Apr 2013 | 5:43 AM ET
    Rome, Italy

    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.

  • All's Well on the Western European Front? Not Exactly. Thursday, 28 Mar 2013 | 12:42 PM ET
    Pier Luigi Bersani, leader of Italy's Democratic Party

    Journalists seem to be outnumbering Cypriots standing in lines at banks in Nicosia. That's good news, right?

  • Next Crisis? Small Businesses Threaten Italy, Spain Thursday, 28 Mar 2013 | 2:57 AM ET
    Laura Massey smiles as she talks to a customer at Beetz Me in Princeton, Illinois.

    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.

  • Pier Luigi Bersani

    There is serious damage accumulating in European banks, yet at least for today, Cyprus isn't all to blame.

  • Europe Shares Close Down; New Cyprus Deal Eyed Monday, 18 Mar 2013 | 11:33 AM ET

    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.

  • Europe Shares Close Lower as Investors Book Profits Friday, 15 Mar 2013 | 12:57 PM ET

    European shares closed lower on Friday as as investors booked gains after a 10-day global rally.

  • Bank of Italy: No Dividends From Loss-Making Banks Thursday, 14 Mar 2013 | 10:13 AM ET
    Banca D'Italia

    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.

  • Investors See Bright Side to Italy Election Monday, 25 Feb 2013 | 8:36 AM ET
    Prime Minister Mario Monti casts his vote in a polling station on February 24, 2013 in Milan, Italy.

    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.

  • Intesa CEO: 20% of Italy’s Firms 'Won’t Make It’ Thursday, 21 Feb 2013 | 7:28 AM ET
    St. Peter's Basilica in Rome, Italy.

    Twenty percent of Italian companies are set to fail, Intesa Sanpaolo Chief Executive Enrico Cucchiani, told CNBC on Wednesday.

  • Monte Paschi Hiked Antonveneta Bid to Ward Off BNP Tuesday, 12 Feb 2013 | 11:41 PM ET
    Banca Monte dei Paschi di Siena

    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 Plunged in December Thursday, 31 Jan 2013 | 3:42 AM ET
    Reichstag Parliment building, Berlin, Germany

    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.

  • ECB Eyes September for Bank Stress Tests Thursday, 24 Jan 2013 | 1:43 AM ET

    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.

  • Large Banks Seen Dodging EU Financial Tax Bullet Thursday, 24 Jan 2013 | 1:35 AM ET

    A financial trading tax (FTT) planned by a group of euro zone nations could leave major banks, its main target, relatively unscathed while less nimble smaller trading houses, pension funds and asset managers bear the brunt.

  • Why Global Banks Are Rushing to Unload US Debt Thursday, 10 Jan 2013 | 5:49 AM ET

    Banks and financial institutions are leading the pack of borrowers that have rushed to the U.S. debt markets at the start of the year. The FT reports.