Spain's largest banks have reported dismal results over the past 24 hours, hit by toxic real estate assets, and according to analysts, the results highlight the desperate need for Spain's banks to raise more capital.
Monte dei Paschi's risk control unit and its own internal audit team were alarmed about the department responsible for a series of opaque structured finance deals at the troubled bank as long ago as November 2009, bank documents show.
Greece, Portugal and Spain are reversing the loss of wage competitiveness that was a significant cause of the euro zone crisis, the Conference Board said on Wednesday.
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.
Christian Gattiker-Ericsson, global investment strategist at Julius Bär, tells CNBC that they remain constructive on the market and expect it to do well at least until the end of this quarter.
Chris Wyllie, Chief Investment Officer at Iveagh, tells CNBC that in retail the people who are winning are those who have the right marriage between online and offline.
Tom Rogers, senior economic adviser at Ernst & Young says look out for more risk appetite as bank lending rises given the improved sentiment in the euro zone.
Severin Schwan, CEO of Roche, tells CNBC that 2012 was a very good year for Roche with the company outgrowing their markets in both Pharma and Diagnostics by five and four percent.
David Hutchings, head of European research at Cushman and Wakefield, tells CNBC that the commercial property market in Europe rebounded in Q4 driven primarily by foreign investors.
Emerging markets, and in particular, Latin America will be the drivers for continued growth, Swiss drug maker Roche told CNBC, even as the company faces price pressures elsewhere.
Will Oswald, Global Head of Fixed Income, Currencies and Commodities at Standard Chartered Bank says we are in a better environment for the markets to perform with central banks willing to give support.
CNBC's Phil LeBeau breaks down the automaker's fourth quarter numbers and projected losses. And, Michael Ward, Sterne Agee analyst, weighs in on the earnings and explains why he has a "buy" on the stock.
The U.K. faces a "significant" risk of losing its triple-A rating, as its economy has worsened since it was placed on negative outlook last year, David Riley, Fitch Ratings global managing director for sovereign ratings, told CNBC.
The European commissioner in charge of regulatory reform of the region's banks has signaled a retreat from plans to force lenders to build barriers around their securities trading operations, as policy makers focus on stimulating growth. The Financial Times reports.
Nat Rothschild, Co-founder of Bumi stepped up the bitter battle for control of the Indonesia-focused miner, attacking both the board for its inaction and CEO Nick von Schirnding for "embellishing his CV."
CNBC's Kelly Evans reports on all the market moving events from Europe, including a high profile boardroom battle is heating up involving a major international coal mining company named Bumi.
Egypt's army chief said political strife was pushing the state to the brink of collapse - a stark warning from the institution that ran the country until last year, as Cairo's first elected leader struggles to contain bloody street violence.
Mark Carney, incoming governor of the Bank of England, struck a cautious note on Monday, saying banks were now better placed to withstand financial shocks but warning that they still needed to reform further.
Dutch Queen Beatrix, who turns 75 on Thursday, announced she was abdicating in favor of her son, Prince Willem-Alexander, telling her country it was time to hand the crown to the next generation after more than three decades on the throne.