Barclays is selling its Spanish retail and corporate banking operations to Caixabank, as the British bank starts shrinking its European divisions.» Read More
Bankers working on Wall Street for European banks could have their bonuses capped under new rules agreed by the European Parliament this week. U.S. banks operating in Europe will also be affected.
The pound fell below a key level against the dollar on Friday as worse-than-expected U.K. manufacturing data increased the likelihood of further quantitative easing by the Bank of England.
Before the fall of communism, Vaclav Sloup trained the soldiers who caught thousands trying to flee across Czechoslovakia's fortified border to West Germany. Today, he helps power a Czech communist party that has surged to second place in polls, tapping anger over poverty and graft.
CNBC's Kelly Evans reports manufacturing data for the euro zone continued to show contraction, and billions of dollars of automatic spending cuts due in the U.S. weighed on investor sentiment.
The risk that Britain is entering its third recession in four years grew with manufacturing shrank unexpectedly last month and mortgage approvals for home buyers dropped in January.
Italy's seasonally adjusted unemployment rate jumped to 11.7 percent in January from 11.3 percent the month before to hit its highest level for at least 21 years, data showed on Friday.
Bartosz Pawlowski, head of CEEMEA strategy at BNP Paribas, tells CNBC that the Polish bond market is running out of steam and why he suggest shorting the zloty.
Karen Cho takes you through the European market open, where stocks have come in lower due to the US sequester.
David Levin, CEO of UBM, tells CNBC that they have reshaped their business to focus on events.
Roberto D'Alimonte, professor of government at Luiss Guido Carli, tells CNBC that the situation in Italy is a big mess and the most likely outcome is a Bersani minority government.
British bank Lloyds made a loss last year after setting aside a further 1.9 billion pounds ($2.9 billion) to compensate customers mis-sold payment protection products and planned to give its chief executive a 1.5 million pound bonus.
Former Italian Prime Minister Silvio Berlusconi is under investigation on suspicion of bribing a senator to change sides in parliament, deepening the legal troubles of one of the key players in the country's post-election deadlock.
Clem Chambers, CEO of ADVFN shares his investment strategy for the European banking sector.
Spain's largest companies suffered the worst drop in quarterly earnings as new data showed the Spanish economy was shrinking at a faster rate than expected. The FT reports.
Here are five questions on the bank bonus cap: how it works, how you can avoid it, whether it will pass and what it means for Britain.
CNBC's Simon Hobbs reports on Thursday's top business headlines from Europe.
London's mayor Boris Johnson has called the European Union deal to cap bankers' bonuses as the most deluded measure since Roman times.
The ongoing euro zone crisis has meant exporters in Turkey have continued to seek new markets away from the continent and Turkey's Central Bank Governor Erdem Basci told CNBC that Iraq is likely to replace Germany as its number one export market by the end of the year.
A dramatic anti-austerity vote leaves Italy lying outside the fortress the European Central Bank constructed around the euro zone last September.
Ireland has gone from having "no credibility or integrity internationally" and unsustainable debt to a recovery based on tough cost savings, but the pain is not over yet, Irish Prime Minister Enda Kenny told CNBC.
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Steve Keen, head of the school of economics, politics and history of Kingston University, London, says fiscal policy in Europe should aim to allow the private sector to sort out its debts at a slower pace.
Richard Mallinson, geopolitical analyst at Energy Aspects, says the Ukrainian crisis should have little impact on oil supply, but highlights that oil prices could respond to other geopolitical risks.
Jon Jonsson, global fixed income manager at Neuberger Berman, says that European data is "close to the bottom" and discusses sovereign bond yields in Europe.