Part of the company that owns Banco Espirito Santo has applied for creditor protection, meanwhile analysts weigh up chances of a bailout.» Read More
Swiss bank Credit Suisse became the latest major European bank to say it was caught up in an investigation into alternative trading venues known as dark pools.
The euro zone's biggest bank posts a 38 percent jump in second-quarter net profit from a year ago, beating forecasts.
Lloyds Bank said it will ask to restart dividend payments at a "modest" level after reporting a one-third jump in underlying profit
Banco Espírito Santo has posted a €3.58 billion loss, which shows the financial woes engulfing its main shareholder, the Espírito Santo family group.
The Portuguese bank that sent shockwaves across global markets in early July is set to release an earnings update on Wednesday.
The US and European leaders say they're prepared to intensify sanctions against Russia unless it moves to de-escalate the crisis in Ukraine.
Russia's MICEX Index rallied 2 percent in morning trade, despite news of the toughest sanctions against the country since the end of the Cold War.
Athletic shoemaker Puma teamed up with one of England's top-flight soccer clubs, Arsenal FC, to promote a sponsorship deal.
The Espirito Santo dynasty totters amid a financial scandal that's threatened to re-ignite Europe's financial crisis. Global Post reports.
Britons will travel to a spaceport in a driverless car where they could download pictures on 5G networks, according to government plans.
Allied Irish Banks (AIB) returned to profit in the first half of the year after its bad debts on loans fell sharply.
Barclays investment banking profits almost halved in the first half compared to the same period last year, as trading revenues slumped.
Russia continues to see the U.S. and Europe as partners, not adversaries, a Russian diplomat told CNBC on Wednesday.
U.K. authorities have announced plans to hit misbehaving bankers in the pocket, and could potentially demand the repayment of seven-year-old bonuses.
Sanctions are intended to tighten the screws on Russia by targeting broad sections of its economy and financial markets.
AstraZeneca took steps to build up its respiratory medicine business by striking a deal to acquire the rights to lung drugs developed by Almirall.
Aerospace and defense firm Airbus reported a rise in both revenues and net profit for the first half on Wednesday, while confirming 2014 guidance.
Fiat Chrysler reported a sharp fall in net profit as a better performance from its luxury brands failed to offset weakness in Latin America.
Total stopped buying shares in Russia's Novatek the day of the downing of a Malaysia Airlines flight over Ukraine.
The White House also said Tuesday that the U.S. could announce new sanctions on Russia "as soon as today."
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Tim Graf, head of macro strategy for Europe at State Street Global Markets, says that global confidence, while still high, is deteriorating.
The underlying problems in Europe's southern economies have not been solved, says Hans-Werner Sinn, president at the Ifo Institute. He also criticizes the ECB potential use of quantitative easing.
Nik Stanojevic, equity analyst at Brewin Dolphin, says Iliad's bid to take over T-Mobile U.S. is surprising and that the price is below the U.S. provider's value.