The CEO of UniCredit has told CNBC the bank will focus on "growth and profitability" after reporting a record annual net loss of $19.4 billion.» Read More
Flotation would value the company at about $2 billion and follows fast on the heels of successful listings by other U.K. retailers.
Hedge fund billionaires George Soros and John Paulson have taken major stakes in Spanish property. Analysts and new data suggest that this could be a bet that's worth a closer look.
The Cypriot finance minister told CNBC that Cyprus' economy had proved more resilient than many had expected.
The U.K. economy is going to be back to its pre-recession peak this summer, three months earlier than expected.
Euro zone finance ministers on Monday urged Greece to conclude talks with its international lenders on the latest review of the country's bailout program as early as this week.
Chief executive urges banks-to-supermarkets mutual group to 'adopt professional and commercial governance'
The loss of economic momentum in some emerging market economies (EME) is hitting global growth prospects, the OECD has warned.
Mark Carney pledged to appoint a new Deputy Governor at the Bank of England to lead a "root and branch" review of its strategy, after suspending an official over the foreign exchange market manipulation scandal.
UniCredit, Italy's largest bank by assets, is set to unveil plans to raise 2 billion euros ($2.8 billion) on the bond market.
Vueling and Iberia became the latest European airlines to allow to the use of electronic devices during all stages of a flight.
Cypriot Central Bank governor Panicos Demetriades submitted his resignation on Monday, which was accepted by President Nicos Anastasiades, an official statement said.
The Bank of England's Carney is due to get a grilling from U.K. lawmakers as the investigation into alleged manipulation of the currency markets continues.
Europe’s bull market hasn’t bellowed quite as loudly in the past five years as the U.S.’s – but it has still had an impressive run.
The Bank of England will delay raising interest rates from their record low 0.5 percent if sterling strengthens further, deputy governor Charlie Bean said on Monday.
The CEO of one of Greece's largest banks told CNBC the country's banks would soon be the best capitalized in Europe.
European Union governments and parliamentarians will try to reach a compromise this week on how to wind down failing banks, in marathon talks intended to settle who decides to close banks and who picks up the bill.
The Porcia plant -- one of the many symbols of Southern Europe's industrial decline -- is also a testing ground for its industrial future.
A fifth of British workers expect to be working until at least they're 70 and only half of them believe they'll be better-off than their parents average of 70 percent, new research shows.
President Vladimir Putin defended breakaway moves by pro-Russian leaders in Crimea.
Shots were fired in Crimea to warn off an unarmed international team of monitors and at a Ukrainian observation plane, as the standoff between occupying Russian forces and besieged Ukrainian troops intensified.
Cyprus's finance minister, Harris Georgiades, concedes there were "problems in the past" between the Cypriot government and the central bank governor, who has just resigned.
European stocks closed mixed on Tuesday, as the crisis in Ukraine curbed enthusiasm for riskier assets.
Riccardo Barbieri, chief European economist at Mizuho International, says UniCredit could be vulnerable the turmoil in Ukraine, given its exposure to eastern europe.