The drama at Portuguese lender Banco Espirito Santo (BES) resumed on Thursday with a former CEO of the bank being held by police in Lisbon.» Read More
Italy is next in line for a bailout following Spain’s request for aid to help recapitalize its banks, Michael Gurka, Managing Director of Spectrum Asset Management, told CNBC on Monday.
"The idea that taxpayers should backstop failed private risk after it has failed in banks is ridiculous," Declan Ganley, chairman of Rivada Networks, told CNBC.
Fotis Kouvelis, leader of Greece's Democratic Left party and potential kingmaker in the upcoming election, told CNBC he will form a government with Syriza only if it agrees to work with the EU bailout.
"Creating liquidity can be part of the solution, but on its own it is not enough. There is substantial uncertainty in the euro zone... Markets doubt the commitment of the core to fund the periphery, and also the periphery's commitment to reform," Thanos Vamvakidis, head of European G10 FX strategy at Bank of America Merrill Lynch Global Research, told CNBC.
Apple unveils their newest offerings including new MacBook Pro, maps app, Siri for iPad; the market relief over a Spain bank bailout was short-lived; NetJets expands the fleet; family median income falls to levels not seen since 1992.
Worried about your euro zone risk? CNBC's Brian Sullivan reveals companies that get 100% of their revenues from the United States. Bonus: many even pay solid dividends.
What will happen in other euro zone countries if the Greeks elect a government that won't implement austerity measures? CNBC's Simon Hobbs reveals the dramatic financial shockwaves that could rumble throughout Europe.
Monday’s disappointing market reception to the bailout package for Spanish banks is a reminder to European policymakers of something that is more than familiar to veteran sovereign crisis managers in emerging countries: The greater the erosion of policymaking credibility, the harder it is to get the private sector to buy into your plans.
Dean Winterton, Global Head of Institutional Business, Eastspring investments says that U.S. institutional exposure to Asia is still low and that provides good opportunities for the firm to be an advisor to institutions looking to the region.
All 27 EU countries should submit their big banks to a single cross-border supervisor as part of a banking union to be enacted as soon as next year, the president of the European Commission has urged. The Financial Times reports.
Sean Callow, Senior Currency Strategist at Westpac Bank says that it is hard to make long calls on the Euro now. Short-term bounce-backs haven't been sustained, he said.
Mad Money host Jim Cramer discusses why there's more reward to owning PepsiCo right now over Coca-Cola.
Larry Kantor, Head of Research, Barclays says that capital injection into Spain's banks is a good thing for the country and that letting its lenders go bankrupt would be dangerous for the EU.
Neel Kashkari, Pimco head of global equities, discusses the latest rescue efforts aimed at the Spanish banks. "More action is better than less action, but it is not even close to being a solution to either Spain or the euro zone," says Kashkari.
CNBC's Michelle Caruso-Cabrera explains how Greece would actually exit the euro and go back to the drachma.
Discussing why the markets didn't react well to news of Spanish bailout, with Jim Bianco, Bianco Research; Gene Peroni, Advisors Asset Mgmt.; and Margie Patel, Wells Fargo Funds Mgmt.
When Spain got an aid package for its ailing banks, currency investors celebrated with a risk rally. This strategist is skeptical.
Joseph Wambia, Wambia Capital CEO, explains why Europe is headed in a positive direction.
In a four part series, we’ll explain how to get out of the monetary union, how to launch your own currency, and what obstacles you’re likely to encounter along the way.
Greece and the world of finance are bracing for this weekend's election, with CNBC's Michelle Caruso-Cabrera.
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Itay Michaeli, auto analyst at Citi, discusses General Motors (GM) and Ford ahead of their quarterly results. He says GM's outlook for the rest of the year should be pretty positive on the back of strong U.S. results.
Justin Lafferty, editor of Inside Facebook, discusses Facebook's earnings and, in particular, its strategy for attracting advertisements.
Cole Smead, managing director at Smead Capital Management, says that he has hardly any exposure to the tech sector, because technology companies tend to have weak free cash flow positions.