Europe needs to see more banking mergers for the sector to be in position to become more profitable, Deutsche Bank Chief Executive John Cryan said.
U.K. banking giant Barclays is on track to close several deals in coming weeks designed to lighten its balance sheet, the Wall Street Journal reported on Thursday.
Russia's corporations painted an accurate reflection of the state of their country's economy Thursday with banks booming while commodities companies suffered.
Nearly 500 million people are living in countries with negative interest rates, which could fuel a return to a “cash-only” society, says S&P Global.
The City of London has relinquished hopes the U.K. will retain full access to the European single market for goods and services, the Financial Times reported on Thursday.
Some banks and insurers have recently started considering the idea of keeping piles of cash in high security vaults across Europe.
The murky balance sheets of China's banks have long spurred fears of an impending crisis, but the clean-up may already be proceeding apace, UBS said.
Banca Popolare di Milano posted a small rise in net profit in the first six months of the year, the Italian bank reported on Friday.
State-rescued Royal Bank of Scotland posts a massive £2.045 billion ($2.7 billion) loss for the first six months of 2016.
The chairman and CEO of JPMorgan Chase has had an awfully tough period in his personal life.
Mohamed Rafique Merican of Maybank Islamic explains the strong growth in Islamic finance after 2015 saw his bank issue more Islamic loans than conventional financing for the first time.
Breaking up the banks might make politicians look good, but it won't help bank investors much.
A former Italian industry minister has teamed up with UBS to present a last-ditch rescue proposal to Monte dei Paschi di Siena, the FT reports.
Tidjane Thiam, the chief executive of Credit Suisse, told CNBC that Brexit has so far had "no impact" on its business.
France's biggest bank, BNP Paribas, posted a narrow increase in net profit on Thursday, as its retail bank struggled to the low interest-rate environment.
Deutsche Bank, the German bank which is an important part of the global financial system, announced revenue and income falls Wednesday.
Breaking up the big banks would eliminate the institutions that help fuel the American economy, Sullivan & Cromwell's Rodgin Cohen says.
China is making efforts to reform its debt-laden economy, but authorities could do even more, the IMF's First Deputy MD David Lipton says.
The ECB left all key interest rates unchanged on Thursday, after the governor of the Bank of Japan ruled out using "helicopter money" in a radio interview.
Is there still a structural lack of confidence in the European banking sector? European Central Bank president, Mario Draghi tells CNBC what he thinks, with added comment on low growth rates.