The banking sector was in focus on Monday with news coming from some of Europe's biggest names.
Germany's Deutsche Bank saw shares finish 0.5 percent higher after media reports that it was planning to cut roughly 23,000 jobs, or one-quarter of total staff, mainly by spinning off its PostBank division.
Separate media reports on Monday suggested the bank had decided to close all its Russian operations, bar transaction banking services.
At the weekend, the bank said the chair of its Russia unit would quit Moscow for Germany. His departure comes as the unit faces a bribery probe from the U.S. Department of Justice, focused on allegations of senior staff taking bribes and suspicious share trades.
Meanwhile, shares in Credit Suisse closed 1.6 percent lower after Swiss newspaper Schweiz am Sonntag reported that the bank was looking to sell its U.S. private bank.
Miners and commodity firms kept investors on their feet Monday, after Chinese data missed expectations, reinforcing worries about demand and China's growth.
However, BHP Billiton and Rio Tinto outperformed to close up respectively 1 percent and 0.6 percent, following analyst upgrades.