European shares closed lower on Wednesday, with investors shunning banking stocks after regulators announced penalties.
German exports and industrial output rebounded in September, likely helping Europe's largest economy to avoid falling into recession.
Europe's banking health check has shown countries and lenders are implementing global capital rules at vastly different speeds.
Europe's stock markets closed lower after a closely-watched German economic report came in weaker than expected.
The ECB gave more details of its asset purchase program on Thursday, but left markets uneasy by failing to give clear guidance on their size.
Italian Prime Minister Matteo Renzi on Monday overcame fierce opposition to get backing to make it easier to fire workers.
European benchmarks closed higher, although gains were capped by weakness seen in the Italian and Spanish markets.
The $6.6 billion bailout of Portugal’s largest bank poses a warning on exposure to “fragile” emerging markets, analysts have cautioned.
France has gathered support to challenge regulators imposing penalties on banks at a G-20 meeting after $8.9 billion fine was levied on BNP Paribas.
Italy’s banks are “quite well-prepared” for the upcoming European stress tests, the second-in-command at the central bank told CNBC.
Commerzbank may pay between $600 and $800 million to resolve investigations into its dealings with countries under U.S. sanctions, sources said.
Although hopes are high as the second quarter earnings roll out, revenue growth looms as a potential problem.
Contagion from Bulgaria’s bank run is viewed as unlikely, but the crisis has put the spotlight back on eastern Europe’s financial sector.
Michael Aronstein of MainStay Marketfield Fund criticized Fed policy but said he had increased stock exposure.
Italy’s largest lender returned to profitability in the first quarter, as it cleaned up its balance sheet ahead of euro zone bank health checks.
Fincantieri will apply to list in Milan as early as Tuesday, in what officials predict will be Italy's largest privatization program since the 1990s.
Eurozone governments are taking advantage of unexpectedly low borrowing costs to push ahead with debt issuance, the FT reports.
Chief executive of Italy's largest insurer, Mario Greco, says dividend boost should send a clear message of confidence to investors.
The CEO of UniCredit has told CNBC the bank will focus on "growth and profitability" after reporting a record annual net loss of $19.4 billion.
European stocks closed mixed on Tuesday as as the crisis in Ukraine curbed enthusiasm for riskier assets.