Banco Popolare and Banca Popolare di Milano are ready to announce a merger to create Italy's No. 3 bank if regulators give the green light.» Read More
Temasek, the Singapore state investment agency, has rebuffed an approach from China's three leading banks for its 17 percent stake in UK-based Standard Chartered, a report said on Monday, sending shares in Standard Chartered more than 5 percent higher.
Germany faces the prospect of unlimited rail strikes this week that could inflict serious damage to Europe's largest economy and even hurt neighbouring countries.
European stock indexes closed mixed on Tuesday as the impact of gains in telecoms inspired by a raised outlook from Vodafone, was countered by losses in the energy sector which tracked weaker oil prices.
Origination of European securitisations will probably slow for the full year versus 2006, the first time this has happened since 2000, as credit market turmoil bites, the European Securitisation Forum said on Tuesday.
European shares ended flat on Monday after a three-day losing streak as a bounce-back in financial stocks, which have borne the brunt of the global liquidity crisis, offset a fall in energy shares.
1st pThe European Central Bank is ready to head off inflation risks, policymakers said on Friday, a day after leaving interest rates on hold for the fifth month in a row.
European equities lost ground on Thursday, ending at their lowest close in six weeks as persistent credit fears continued to pull banking stocks lower.
The European Central Bank left rates unchanged as expected on Thursday, with analysts saying the doves in the governing council had the upper hand. The Bank of England also left the rates on hold, with analysts expecting it to ease monetary policy early next year.
European Central Bank policymakers have been relaxed about the euro's steep rise against the dollar -- in public at least -- but its move towards $1.50 is raising the prospect that it might intervene.
The European Central Bank should take into account a range of factors such as the strong euro and high oil prices when setting monetary policy, France's Secretary of State for Europe Jean-Pierre Jouyet said on Wednesday.
European stocks rose slightly Tuesday, snapping a three-day losing streak, as investors embraced some upbeat earnings reports from the likes of Swiss Reinsurance and U.K. retailer Marks & Spencer.
European shares declined for a third straight session on Monday, with banks again topping the losers' list as Citigroup's warning of loan losses sparked fresh worries over the impact of credit market woes.
Global banks are going to take far longer than previously imagined to clear away debris left by a receding tide of U.S. subprime mortgages which has played havoc with balance sheets, a top investment banker said on Monday.
Euro zone factory growth sank to its slowest pace in over two years in October, led by a sharp slowdown in Germany and a contraction in Spain, final figures from a key monthly survey showed on Friday.
European bank stocks took a dive on Thursday as fear spread among investors that the U.S. subprime crisis will take another huge chunk out of profits in the fourth quarter.
Major European markets ended in positive territory Monday, as anticipation of lower U.S. interest rates helped sentiment.
Britain only has itself to blame for how problems at Northern Rock turned into the first run on a UK bank in 140 years, the European Union's top financial regulator, Charlie McCreevy, is expected to say later Friday.
Fiat said Wednesday that net profit more than doubled in the third quarter, leading it to raise its full-year targets on a strong performance by its core auto division and good results in its truck and farm machinery operations.
Euro zone services growth bounced back much more than expected this month after hitting a two-year low in September, but the manufacturing expansion waned further, a key survey showed on Wednesday.
European Union leaders clinched final agreement on Friday on a treaty to reform the 27-nation bloc's institutions, replacing a defunct constitution and ending a two-year crisis of confidence in Europe's future.