European equities closed lower on Monday as the Greek crisis entered a new phase following the imposition of capital controls to prevent a run on the country's banks.» Read More
European equities closed higher for a fourth consecutive session on Monday, as upbeat U.S. sentiment data buoyed investors' spirits.
European equities closed higher on Monday, still posting gains after a rally on U.S. jobs data last Friday.
The board of troubled Italian lender Banca Monte dei Paschi di Siena has approved a rights issue of up to $4.1 billion.
The restructuring of Banca Monte dei Paschi di Siena is essential if the bank is to continue to operate independently, its chief executive told CNBC,
European shares closed lower on Monday as the partial government shutdown in the U.S. continued, and as investors worried that the impasse could lead to the country defaulting on its debt.
The restructuring of Europe's banks will be positive in the end, the head of Italy's main stock exchange told CNBC on Monday.
Trouble at the top in Italy is not confined to its politicians.
Plans by Italian lender Banca Monte dei Paschi di Siena (BMPS) to raise over double its planned capital increase under a new bailout program have won the support of the European Union's antitrust regulator.
The European Commission told Italian lender Monte dei Paschi di Siena to beef up a restructuring plan before it can be given approval for a $5.3 billion bailout.
European shares were higher in early afternoon trade on Wednesday despite preliminary growth data from the euro zone missing estimates.
Italian prosecutors said they have ordered the seizure of 1.8 billion euros ($2.4 billion) of assets from Japanese bank Nomura as part of an investigation into a suspected fraud.
European shares closed higher on Tuesday, led by the telecoms sector, which was boosted by new reports that Vodafone, the world's second largest mobile operator, could be bought.
Journalists seem to be outnumbering Cypriots standing in lines at banks in Nicosia. That's good news, right?
There is serious damage accumulating in European banks, yet at least for today, Cyprus isn't all to blame.
Trading of shares in Banca Monte dei Paschi di Siena has been suspended mid-day Thursday. The stock price rose 7.4 percent, after initially declining on news its head of communications had been found dead.
A court in Rome ruled on Thursday the Italian government's plan to lend 3.9 billion euros to troubled lender Banca Monte dei Paschi di Siena can go ahead. The Rome administrative court will make its decision public on Friday.
Twenty percent of Italian companies are set to fail, Intesa Sanpaolo Chief Executive Enrico Cucchiani, told CNBC on Wednesday.
Regardless of who wins next weekend's parliamentary election, Italy's long economic decline is likely to continue because the next government won't be strong enough to pursue the tough reforms needed to make its economy competitive again.
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.
The Italian bank Monte dei Paschi di Siena and the Dutch lender SNS Reaal have one thing in common with the UK's Royal Bank of Scotland and Belgium's Fortis. They all bought a part of the Dutch bank ABN AMRO in 2007 and suffered from the capital strain and losses caused by that acquisition.