Shares in troubled Portuguese lender Banco Espirito Santo slumped 50 percent on Thursday, after trading in the stock resumed following poor results.» Read More
Warren East is stepping down after nearly 12 years, making way for another ARM insider as the British electronic chip designer looks to expand globally.
The operator of the U.K.'s third-biggest supermarket chain J Sainsbury, beat expectations on Tuesday with quarterly like-for-like sales (excluding fuel) rising by 3.6 percent. Analysts polled by Reuters had expected a rise of just 2.3 percent.
Anthony Scaramucci, managing partner at Skybridge Capital, tells CNBC that like when Lehman Brothers was allowed to fail, allowing Cyprus to fail will have unintended consequences.
Efi Xzanthou, a member of Cyprus's Green Party and Parliamentary Finance Committee, tells CNBC that as soon as they open there will be a run on the banks as no depositor will feel safe.
Stephane Deo, global head of asset allocation at UBS, tells CNBC that taxing small savers in Cyprus is the wrong thing to do, and taxing big depositors is a better solution.
The Cypriot parliament will today vote on the highly controversial levy on bank deposits, CNBC has been speaking to a number of market experts who all warn that the tax sets a dangerous precedent.
Steve Keen, professor of economics at the University of Western Sydney, argues that if you destroy the trust depositors have in their bank accounts then you destroy the oil of capitalism.
Former Italian Prime Minister Silvio Berlusconi promised a wave of protests if a center-left candidate was elected to succeed President Giorgio Napolitano.
Ashraf Laidi, chief global strategist at City Index, tells CNBC that investors, who want to play the Euro without the periphery, should play the Swiss Franc.
Ralph Silva, Research Director at SRN Research says the Cyprus deposit levy was unexpected and now there are too many unknowns.
Richard Martin, Managing Director at IMA Asia says the Cyprus controversy does not have an immediate impact on the real economy.
Plans to tax Cypriot bank deposits as part of a bailout could push Russia, which accounts for about 30 billion euros in deposits in the island, to play "hardball" over renegotiating terms of a loan granted to Cyprus in 2011, says an expert.
Almost 40 percent of deposits in Cypriot banks belong to foreigners, with CNBC's Robert Frank; and Ken Rijock, financial crime consultant; Mark Hannah, Former Kerry & Obama Campaign Aide; and Chip Saltsman, Former Huckabee Campaign Manager, discuss.
Will the Cyprus crisis silence the bulls? Bob Doll, Nuveen Asset Management; Joe Lavorgna, Deutsche Bank; and Larry McDonald, Newedge, share their opinions.
John Calverley, Head of Macroeconomics at Standard Chartered, says the levy on bank deposits in Cyprus is unlikely to destabilize the euro zone but has added "another vulnerability."
CNBC's Michelle Caruso-Cabrera reports for the first time ever in the European crisis, portions of bank accounts will be seized in order to pay for a bailout; and Charles Dallara, Americas of Partners Group weighs in.
Mujtaba Rahman, Senior European Analyst at Eurasia, talks about the root of the Cyprus' crisis and its potential impact on its ties with Moscow.
The Cyprus bailout chaos was came from a bad idea, Dennis Gartman says.
CNBC's Julia Boorstin reports Electronic Arts CEO is stepping down; and dissecting today's trading session and the Cyprus threat, with the "Fast Money" traders and Paul Donovan, UBS.
Europe's debt crisis is taking a decidedly ugly turn in Cyprus as depositors are trying to avoid a surprise tax on their savings accounts, with CNBC's Robert Frank.
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John Stephenson, president and CEO of Stephenson & Company Capital Management, discusses ExxonMobil ahead of earnings and says the results should be "pretty good".
The euro zone is probably already in deflation, says Mario Greco, CEO of Generali, adding that Europe needs more reforms to boost its labour market and competitiveness.
James Rickards, chief global strategist at West Shore Funds and author of 'The Death of Money', says it's too early to say whether Argentina's default will be contained.