Shares in troubled Portuguese lender Banco Espirito Santo slumped 50 percent on Thursday, after trading in the stock resumed following poor results.» Read More
BNP Paribas' results were hit by a record U.S. fine in July, which helped tip the bank to a $5.76 billion loss in the second quarter.
Swiss bank Credit Suisse became the latest major European bank to say it was caught up in an investigation into alternative trading venues known as dark pools.
The euro zone's biggest bank posts a 38 percent jump in second-quarter net profit from a year ago, beating forecasts.
Lloyds Bank said it will ask to restart dividend payments at a "modest" level after reporting a one-third jump in underlying profit
Banco Espírito Santo has posted a €3.58 billion loss, which shows the financial woes engulfing its main shareholder, the Espírito Santo family group.
The downing of MH17 and tougher sanctions against Russia are pushing multinational energy companies to take a fresh look at the results of the crisis.
The US and European leaders say they're prepared to intensify sanctions against Russia unless it moves to de-escalate the crisis in Ukraine.
Russia's MICEX Index rallied 2 percent in morning trade, despite news of the toughest sanctions against the country since the end of the Cold War.
Athletic shoemaker Puma teamed up with one of England's top-flight soccer clubs, Arsenal FC, to promote a sponsorship deal.
The Espirito Santo dynasty totters amid a financial scandal that's threatened to re-ignite Europe's financial crisis. Global Post reports.
Britons will travel to a spaceport in a driverless car where they could download pictures on 5G networks, according to government plans.
The Portuguese bank that sent shockwaves across global markets in early July is set to release an earnings update on Wednesday.
Barclays investment banking profits almost halved in the first half compared to the same period last year, as trading revenues slumped.
Russia continues to see the U.S. and Europe as partners, not adversaries, a Russian diplomat told CNBC on Wednesday.
U.K. authorities have announced plans to hit misbehaving bankers in the pocket, and could potentially demand the repayment of seven-year-old bonuses.
Sanctions are intended to tighten the screws on Russia by targeting broad sections of its economy and financial markets.
Allied Irish Banks (AIB) returned to profit in the first half of the year after its bad debts on loans fell sharply.
AstraZeneca took steps to build up its respiratory medicine business by striking a deal to acquire the rights to lung drugs developed by Almirall.
Aerospace and defense firm Airbus reported a rise in both revenues and net profit for the first half on Wednesday, while confirming 2014 guidance.
Fiat Chrysler reported a sharp fall in net profit as a better performance from its luxury brands failed to offset weakness in Latin America.
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European shares closed lower on Thursday with investors reacting to quarterly earnings and some disappointing data from the euro zone.
Katie Koch, head of global portfolio solutions international at Goldman Sachs, says that while the sanctions are likely to weigh on the Russian economy, the risk of contagion to other emerging markets is low.
John Stephenson, president and CEO of Stephenson & Company Capital Management, discusses ExxonMobil ahead of earnings and says the results should be "pretty good".