UBS posted a second-quarter net profit of 792 million Swiss francs, as it booked a $280 million charge to help settle litigation in Germany.» Read More
Julian Callow, Barclays chief European economist, discusses the impact of Greek's election results on global markets, Fed policy and central bank action, Spanish bond yields, and investor anxiety.
CNBC's Michelle Caruso-Cabrera reports the winner of Greece's election, Antonis Samaras vows to honor bailout commitments, but allow time to orient growth policies. John Kornblum, former US Ambassador to Germany, explains why the European financial crisis is far from over, saying the "hardest part is yet to come."
Fear, uncertainty, volatility. Investors on the sidelines have been stuck with a shaky three-legged stool of late. What lies ahead may not be any less unsettling. Nevertheless, investors would like to move forward — and move up in the world of investment returns.
Joseph Weisenthal, Business Insider deputy editor, provides perspective on Greek election results, and discusses the labor and structural reforms needed to avert an economic crisis.
CNBC's Michelle Caruso-Cabrera reports on the fallout from Greece's New Democracy party win on Sunday, and a look at European market reaction to the Greek elections and discussing whether the central banks & Fed will intervene, with CNBC's Kelly Evans and Steve Liesman.
Spiraling unemployment, biting austerity measures and political uncertainty have led to an upsurge in Greeks quitting the country for sunnier economic climes.
The future of Brady Dougan as chief executive of Credit Suisse has come under scrutiny amid increasing market pressure on the second largest Swiss bank by assets to bolster its comparatively weak capital base, the FT reports.
The head of Denmark’s central bank has warned that the Danish krone is coming under intense pressure from investors seeking a haven in Europe and betting that the currency’s peg to the euro could be cracked by the crisis. The FT reports.
Investors expressed relief over the projected victory of pro-bailout parties in the Greek elections on Sunday, but they quickly turned their attention to the structural problems in southern Europe that continue to threaten the global economy, the New York Times reports.
Risk assets rallied in early Asian trade after Greece's pro-bailout New Democracy Party won the most number of votes in elections on Sunday, helping to ease concerns the country would leave the euro zone.
The euro reversed earlier strong gains against the U.S. dollar in Asian trade on Monday, as optimism surrounding the expected win by Greece’s pro-bailout parties in Sunday’s critical elections proved short-lived for the single currency.
Gina Sanchez, Director of Equity and Asset Allocation Strategy, RGE says the rally in markets on Greece's election results will be short-lived. She also says U.S. Treasurys could go lower because of what's happening around the world.
Kelvin Tay, Regional CIO, Southern APAC, UBS Wealth Management says although the Greece elections had the best possible outcome, uncertainties still remain over the country's bailout package and austerity measures.
Michael McCormick, Director at Belvedere Share Managers, says that markets' patience with Europe is running out, and that their focus is on the European leaders' summit at the end of June. Unless the issues in Europe are truly resolved, the recent rally will be limited.
Wilbur Ross, the billionaire investor and Chairman of private equity firm, WL Ross & Co., says the real question facing Greece is what policies the new government will implement after the pro-bailout New Democracy party won the most votes in Sunday’s vote.
Dan Greenhaus, Chief Global Strategist, BTIG says that he is happy that global central banks have not intervened in the markets.
Sean Egan, Founding Principal, President & Managing Director, Egan-Jones Ratings Company says the Greek government needs to regain the trust of the people.
Wilbur Ross of WL Ross & Co says the euro zone needs a Pan-European insurance deposit system regulated by the European Union.
New Democracy may have won the largest share of the vote in the Greek elections which have held markets in thrall for weeks — but leader Antonis Samaras is unlikely to be cracking open the ouzo quite yet.
The leader of Greece's New Democracy party, which won the most number of votes in Sunday's election, tells CNBC Greece is anchored to the Euro.
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CNBC's Hadley Gamble reports on the latest developments in the Israel-Gaza conflict after the latest ceasefire failed and fighting resumed.
Dan Scott, vice president of investment strategy and research at Credit Suisse, says there is a need for consolidation in the European telecoms sector.
Sergio Ermotti, CEO of UBS, says the Swiss bank's business model is working in "tough market conditions" as it posted a second-quarter net profit of 792 million Swiss francs ($875 million).