European markets finished Friday in the red, after investors digested the latest U.S. jobs report for July.» Read More
Monte dei Paschi's Deputy CEO said he is optimistic that its massive rights issue will be enough to bolster the troubled lender's finances.
European shares started the week on a positive note, closing higher, as U.S. stocks advanced near record high territory.
European shares closed lower on Wednesday as investors reacted to a slew of earnings news and data released in the euro zone.
ABN Amro broke most banking stereotypes when its chairman dressed up in drag and masqueraded as a brothel owner at a corporate event.
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.
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.