Europe Top News and Analysis Spain

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    The most obvious pothole on the road to reparation is mark-to-market valuation; and it remains a mystery to me as to why this less than two-year old accounting rule remains the most ignored portion of debate.

  • Santander House

    Banco Santander quietly raised a compensation deal for clients that lost money in the alleged Ponzi scheme run by Bernard Madoff, The Wall Street Journal reported Monday.

  • Jim Rogers talks commodities at the World Money Show in London.

    The new financial rescue plan may not work and could even make things worse because it plunges the US further into debt and it is designed by the same people who failed to forecast the crisis and take measures, legendary investor Jim Rogers told CNBC Tuesday.

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    Why can't the banks trust each other? I mean, they can pay back their money, can't they? Don't they just make more?

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    The new bank bailouts are not likely to work because they are run by the same people who prolonged the economic agony, Marc Faber, publisher of the Gloom, Doom and Boom Report, told CNBC.

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    Like children at a funfair with a few quid in their pockets, Gordon Brown and Alistair Darling have dropped their latest coin (this one’s worth 100 billion pounds, or $146 billion) into the whack-a-mole game that is the UK financial market.

  • Standard & Poor's lowered the credit ratings and outlooks for 12 major U.S. and European banks Friday, including Goldman Sachs and Bank of America, citing increasing industry risk and a deepening economic slowdown.

  • HSBC

    HSBC said Friday it has bought back its London headquarters from Spanish real estate company Metrovacesa in an 838 million pounds ($1.2 billion) deal.

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    Northern Rock, the nationalized mortgage lender, said Wednesday it would wait at least six months before moving to repossess homes when payments fall behind.

  • Spanish gross domestic product (GDP) fell 0.2 percent in the third quarter, sending the euro zone's fourth-largest economy into contraction for the first time in 15 years, the National Statistics Institute reported on Friday.

  • Banco Santander announced a surprise 7.2 billion euro ($9.24 billion) rights issue to shore up its capital on Monday, only a week after saying it was comfortable with its core capital ratio.

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    European Union finance ministers backed on Tuesday proposals for a reform of the G8 club of major industrial nations and an end to self-regulation in global financial markets that critics say caused the credit crisis.

  • The banking sector has been hard hit by the financial turmoil and governments pumped tens of billions in banks but one of the conditions was that bankers get no bonuses. Tell us what you think.

  • The manager of a successful hedge fund which made money betting against the financial and property sectors called bankers and traders who took the other side of his bets "idiots" in a farewell letter and urged high achievers in business to live their lives otherwise than glued to their Blackberries.

  • European governments announced plans to bail out banks by buying stakes in them and the U.S. is also expected to follow suit by injecting $250 million into banks, sending stocks soaring. What do you think?

  • The U.S. stock market is unlikely to fall very much from the current levels and opportunities have arisen, but emerging markets are still going to grow faster, Mark Mobius, lead portfolio manager at Templeton and an emerging markets specialist, told CNBC.

  • The U.S. government could nationalize investment banks Goldman Sachs and Morgan Stanley, after confirming that it may buy stakes in financial institutions by the end of the month, Hugh Hendry, Partner and CIO at Eclectica, told CNBC.

  • CNBC Special Report: Bank Crisis Strikes Europe

    IKB Deutsche Industriebank saw a net loss of euro540 million ($739.80) in its fiscal first quarter, but said a government rescue package had helped it stabilize.

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    European stocks pared back some of the losses on Wednesday after plunging about 8 percent earlier in the session as credit fears grew.

  • Our liberal, equity-owning democracy has taken a major blow. With this precedent what incentive is there now for me to own another bank share?