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Royal Bank of Scotland will be punished for its role in the global interest-rate rigging scandal with fines amounting to $612 million, the British bank said on Wednesday.
Board members at Monte dei Paschi are expected to say that Italy's third largest bank may have lost up to 1 billion euros on trades, higher than the initial estimate.
Banks that rigged interest rates behaved in "brazen, flagrant" fashion, the head of the Commodities and Futures Trading Commission told CNBC on Wednesday.
Incoming Bank of England Governor Mark Carney is set to address policymakers at a U.K. parliamentary committee on Thursday with many expecting sterling to fall as he delivers his dovish policy outlook, but analysts have told CNBC that this could prove to be wrong and the currency could in fact move sharply higher.
HSBC's biggest restructuring was to simplify the bank's complex structure and wide geographical spread which had made it attractive to money-laundering criminals.
Europe suffers the worst consumer confidence levels in the world, according to a survey by market research firm Nielsen which showed that Greek, Hungarian and Portuguese consumers topped the poll of pessimists.
Spanish regions are Prime Minister Mariano Rajoy's biggest headache: they're highly indebted and decentralized. RBS has found a sweet spot in Spain's strongest regions with returns of 14 percent over the past three months since the bank initiated the trade.
British Prime Minister David Cameron hopes to enlist the support of Germany and other rich north European countries in his fight to freeze EU spending at budget talks this week and is prepared to block a deal unless more savings are found.
CNBC's Kelly Evans has the update on currency rates around the world.
Iceland's central bank said it planned to support the crown currency after it temporarily suspended its regular purchases from market makers.
Record high unemployment mean the European Central Bank has scope to lower interest rates in order to weaken the spiraling euro, ING Senior Economist Carsten Brzeski said.
The current scandal surrounding Spanish Prime Minister Mariano Rajoy will not disappear any time soon and investors should expect ongoing volatility, according to the European research team at one of the world's largest banks.
Syngenta, the world's largest agrochemicals company, said it was confident ahead of the upcoming planting season and will hike its dividend 19 percent after it posted a full-year net profit that beat expectations.
Puru Saxena, CEO of Puru Saxena Wealth Management says the rally in equities in Japan is largely due to the currency debasement and if the yen weakens further it will hamper returns.
CNBC's Simon Hobbs reports investor confidence was boosted by a series of earnings releases and positive business data in the euro zone.
French President Francois Hollande urged the euro zone on Tuesday to set a mid-term target for its currency's exchange rate and to forge a jobs policy to fight voter disillusionment.
Jim McCaughan, Principal Global Investors, explains why yesterday's pullback was a "natural pause" in a basically "healthy market."
Despite Monday's sharp pullback, risk can rally further in the medium term and the S&P500 could break through 2007 record levels, Nomura Strategist Bob Janjuah said on Tuesday.
As Spanish and Italian bond yields creep higher, strategists say yields could spike to the autumn 2011 levels that led to fears that Spain needed an imminent bailout.
After several weeks of improved sentiment, yields on Italian and Spanish bonds spiked this week amid political uncertainty. But instead of fleeing to safe havens, investors may seek a halfway house in French sovereign bonds, analysts told CNBC.
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European shares opened lower on Monday, tracking their Asian counterparts with growth concerns in the region returning.
Gary Weiss, head of Nordic M&A at JPMorgan, says M&A of Nordic companies is "diversified" but technology is still a strong sector.
Len McCluskey, General Secretary of Unite, criticizes the U.K. government and says the Labour party will win the next election.