Part of the company that owns Banco Espirito Santo has applied for creditor protection, meanwhile analysts weigh up chances of a bailout.» Read More
Spanish Prime Minister Mariano Rajoy is expected to announce stimulus measures as soon as Friday and the EU looks willing to ease budget deficit targets for Madrid, but it could all be in vain as the debt mounts up, according to an HSBC economist.
There are hardly any jobs, generally low wages and it rains all the time: Not the usual picture that a country wants to portray of its culture or economy. However, U.K politicians are considering launching a negative publicity campaign in Eastern Europe to deter potential migrants from coming to the U.K. in search of jobs.
CNBC's Ross Westgate reports on all the market moving events from Europe.
Structured finance deals of a type last seen before the financial crisis are set to come back in 2013, according to market experts, signaling a return to the credit boom in 2004.
Olly Burrows, senior banks analyst at Rabobank, tells CNBC that the vast amount of legislation brought in after the banking crisis is now affecting credit flow to the real economy.
European markets have opened flat, with a focus on earnings.
Economic hardship has inspired a full range of clandestine entrepreneurship in Spain. The combination of higher taxes and unemployment has pushed desperate Spaniards to convert their apartments and underused lofts and warehouses into jazz clubs, hair salons, restaurants and even flamenco halls.
Paul Walsh, CEO of Diageo, tells CNBC the company are increasing their dividend again by nine percent but continue to see difficulty with consumer expenditure in Southern Europe.
Diageo, the world's biggest spirits maker, reported slowing growth in earnings on Thursday and the CEO told CNBC the Europe market was lackluster.
The man who made some of the boldest contrarian bets in the bond market last year has a new message for investors: get out of supposedly safe government debt now, before it is too late.
Accountants will have to determine more thoroughly if a bank can stand on its own two feet for well over a year without taxpayer help under draft changes from Britain's audit regulator.
Deutsche Bank shares rose 2.2 percent on Thursday, despite the company posting a 2.6 billion euro ($3.5 billion) pre-tax loss, after the lender reported capital ratios that were better than expected.
The heads of France's top three banks said tougher laws to curb risky trading would put the country at a competitive disadvantage as it struggles with record unemployment and a grim economic outlook.
Garry Evans, Global Head of Equity Strategy at HSBC says Germany is a safe way to play the Europe markets. He says the excitement in Japan is priced in and is skeptical on whether the BOJ will do anything more aggressive.
The secret document at the heart of the Monte dei Paschi banking scandal lay for months in a concealed safe in a 14th century Tuscan palace. Chief Executive Fabrizio Viola said he learnt about the safe's contents only last October, a full 10 months after he had been called in to sort out Italy's third biggest bank.
CNBC's Simon Hobbs reports European shares closed lower after weaker-than-expected GDP data came in from the U.S.
With record unemployment figures, a fractious political scene, years of declining retail sales and Wednesday's depressing growth data, Spain appears to be sinking. Yet an improvement in risk appetite and falling borrowing costs continue to prop up the economy.
CNBC's Kelly Evans reports on all the market moving events from Europe, as investors wait for a policy announcement on interest rates by the U.S. Federal Reserve.
Euro zone economic sentiment improved more than expected across all sectors in January, rising for the third time in a row in a sign the economy could be emerging from a low point in the fourth quarter of 2012.
Juergen Pieper, co-head of research at Bankhaus Metzler, tells CNBC why the European car market outlook is not as pessimistic as has been made out, although it should be braced for a tough start to 2013.
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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.