Burberry shareholders rejected a 20 million pound remuneration package for its new chief executive, Christopher Bailey. The Financial Times reports.» Read More
UBS is set to raise pay for investment bankers by an average 9 percent to entice staff into staying by lifting salaries to market rates.
The new head of the Vatican bank will need plenty of prayer and strength to rescue its scandal-torn reputation.
The U.K. could post better-than-expected GDP numbers over the next three years, thanks to a strong service sector, the British Chambers of Commerce said Friday.
European countries planning a tax on financial transactions are set to drastically scale back the levy, cutting it by 90 percent, in what would be a major victory for banks.
President Francois Hollande pledged to carry out long overdue reforms but said it was up to Paris, not the EC, to determine how they are implemented.
After the banking crisis, oil prices are the next threat to the euro zone, analysts told CNBC, arguing that prices will rise once the shale oil revolution in the U.S. dies down.
The European Commission has referred the U.K. to the EU's Court of Justice for not allowing citizens of the Union residing in the U.K. to receive social security benefits which they are entitled to under EU law.
Global stocks may have been on a wild ride of late but the world's biggest investment bank has told investors they should continue to buy equities.
President Francois Hollande's insistence that the EU executive can't "dictate" reforms to France has outraged Angela Merkel's conservatives, hours before the German leader was due in Paris for talks.
German companies including BMW and BASF are recruiting small numbers of unemployed young Spaniards against a backdrop of chronic youth unemployment in southern Europe and a growing shortage of skilled labour in Germany.
As calls grow for Europe to ease up on its austerity drive, a report on global competitiveness argued that cost-cutting on the continent has halted growth and antagonized the population, creating non-competitive economies.
The recent move by the Swiss government to allow banks to sidestep secrecy laws won't prevent them from depositing money in the country, said the CEO of Swiss private bank Julius Baer.
France's Elysee Palace is set to auction off more than $325,000 of wine Thursday. And while some bottles may sell for up to $3,000 a bottle, others might be yours for a mere $20.
Negative deposit rates could boost — rather than hurt — bank profitability, ECB Vice President Vitor Constancio told CNBC on Wednesday, bringing the contentious issue of negative rates back into the spotlight.
European stocks closed lower on Wednesday as concerns continued over the possibility the Federal Reserve might begin tapering of asset-purchasing.
The Swiss government says banks can sidestep secrecy laws to disclose clients' names in a move intended to help resolve a long-running tax dispute with the U.S.
Shares in Club Mediterranee extended their gains above the proposed bid price on Wednesday amid signs some investors in the French holiday firm are pushing for a better deal.
The European Commission has given France, Poland, Slovenia and Spain two year extensions to meet budget deficit targets, as it reprimanded Belgium, which could become the first country to be fined for failing to reduce its deficit.
Brussels's softening stance on austerity with stability and growth measures set to be delayed for another two years is an exercise in "pretend and extend" and what's really needed is urgent structural reforms, analysts have told CNBC.
European equities could surprise to the upside this year, with earnings growth making it a "buy-one-get-one-free market," HSBC's Peter Sullivan told CNBC.
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The World Cup final will be different to Brazil's recent thrashing, says Ramon Vega, CEO and founder of Vega Swiss Asset Management, who argues Argentina really wants to win.
The market's negative reaction to India's budget is the result of both unjustified expectations and external factors, says Shweta Singh, economist at Lombard Street. .
European shares ended the day flat on Friday, as traders shrugged off some concerns about the condition of Portugal's banking sector, which had dragged global markets lower on Thursday.