Cypriot Central Bank governor Panicos Demetriades submitted his resignation on Monday, which was accepted by President Nicos Anastasiades, an official statement said.» Read More
Spain's economy will sink deeper into recession this year, the Bank of Spain said on Tuesday, sending a stark message to the government as it prepares to revise its own growth forecast.
CNBC's Ross Westgate reports on all the market moving events from Europe, and takes a look at the trading action in Wolseley and Kingfisher.
Steve Allam, M&A practice leader for EMEA at Towers Watson, says worries over the economy and the risk of losing money have led to a significant drop in global M&A deals this quarter with Europe continuing to underperform.
Nathan Sheets, global head of international economics at Citigroup, discusses the possibility of capital flight out of Cyprus and the wider euro zone area. He also discusses Federal Reserve stimulus which he believes will start slowing in the second half of the year.
Cyprus's Finance Minister said on Tuesday big depositors in Cypriot banks could lose about 40 percent of their deposits as part of an international rescue plan.
Investors are prone to add unnecessary significance to the latest piece of fast-moving market noise, while underestimating or missing large and slow-moving shifts that have huge impact, say Alexander Friedman and Kiran Ganesh from UBS.
Donal O'Mahony, global strategist at Davy, tells CNBC that when the dust settles on Cyprus investors will be left thinking about what Europe didn't do.
Karen Tso takes you through the European market open where stocks have come in higher, with European officials doing there best to calm investor fears over Cyprus.
Lars Seier Christensen, co-founder and CEO of Saxo bank, tells CNBC that one has to assume the EU may use a depositor tax again in future crises.
Didier Duret, global chief investment officer at ABN Amro Private Banking, tells CNBC that investor focus should move from Cyprus to the US fundamentals which are looking positive.
Twice in eight days Dutch finance minister Jeroen Dijsselbloem has made unguarded comments that moved markets. Kelly Evans and Julia Chatterley discuss whether he's a scapegoat or a bull in china shop.
Jeremy Stretch, head of FX strategy at CIBC, tells CNBC that Angela Merkel needs to maintain a hardline stance in order to get reelected in September.
Steen Jakobsen, Chief Economist at Saxo Bank says capital restrictions is the last thing a country wants and the impairment on Cyprus banks could be equal to potential losses had there not been a bailout.
Ric Spooner, Chief Market Analyst at CMC Markets says the Cyprus deal was reasonable given the circumstances. He says the correction in markets were underway despite the Cyprus saga.
Simon Grose-Hodge, Head of Investment Advisory, Singapore at LGT Bank talks Cyprus and tells CNBC's Cash which stocks will benefit from the weak euro.
Jacob Kirkegaard, Research Fellow at Peterson Institute For International Economics explains why the situation in Cyprus will be very much of a template for the way the Euro area deals with banking crises going forward.
Tim Speiss, Chairman of Personal Wealth Advisors at EisnerAmper says that resolution and certainty is what the markets like in the case of Cyprus' bailout.
Concerns over Cyrpus' bailout continue to impact investing. Rebecca Patterson, Bessemer Trust and Stephanie Link, TheStreet, discuss what today's action says about investor sentiment.
Russian tycoon Boris Berezovsky, whose body was found in the locked bathroom of his luxury mansion near London over the weekend, died by hanging.
CNBC's Michelle Caruso-Cabrera reports Cyprus finally secured a bailout agreement, but will suffer a big hit to the economy; and Jonathon Trugman, Pendulum Capital, discusses whether this sort of crisis has already happened in the U.S.
The U.K. recovery remains fragile says BT chairman, Michael Rake, adding that weak investments and political instability continue to weigh.
BT chairman, Sir Michael Rake, tells CNBC that the group has improved its financial position and credibility by providing competition in the TV space.
CNBC's Julia Chatterley reports on the resignation of the Cypriot central bank governor, citing long-existing tensions between the governor and the government due to the handling of the island's bailout.