Germany's second largest bank by assets, Commerzbank, announced a comprehensive overhaul of its structure following what it called "current market rumors."
Only a substantial intervention by the German government can stop the collapse of the country's largest lender, according to one analyst.
Embattled German lender Deutsche Bank saw some respite from recent selling on Wednesday after a slew of news helped the stock to push off record lows.
European indexes closed higher on Wednesday, with investor sentiment buoyed by a rally in Deutsche Bank shares.
The man who created a new food that merges a hot dog and a hamburger has decided to auction off his intellectual property rights.
Hollywood star Goldie Hawn has underlined her belief that Hillary Clinton would be best-equipped to be the next president of the United States.
The market for initial public offerings has had a year it would rather forget as it tried to deal with global political uncertainty.
European stocks closed lower on Tuesday as weak sentiment towards the banking sector saw Deutsche Bank shares hit a fresh record low.
A freeze in production by OPEC members would not include Nigeria, according to the country's oil minister.
U.S. investment bank Goldman Sachs has lowered its forecast for the price of oil price.
Fox Sports and Facebook have partnered to stream UEFA Champions League games via Facebook Live.
From Fearless Girl to a bracelet that helped get babies immunized, here are some of the best Cannes Lions winners 2017
Far from being the "coloring in department," responsible for making people want to buy products, marketing now has a broader remit than ever.
CNBC looks at how the computer systems in F1 cars have made their way into regular vehicles.
FIA President Jean Todt discusses his start with the Ferarri team and the current problems facing F1.
F1 experts discuss whether the quieter engine sounds are making the sport less attractive.
Scott Clemons of Brown Brothers Harriman says Q2 earnings growth could be strong, and the next real market-moving news event could be the US budget debate.
Sara Eisen and Mike Santoli weigh in on the New York Times' ranking of a summer favorite, the hot dog.
The FT's Peter Spiegel says of all the world's big central bankers, ECB President Mario Draghi has done the best job navigating the politics of his region.