Huge moves up in the yield of Greek paper and a growing concern about other EU members and their ability to grow out of large budget deficits has investors thinking twice.
Financial regulations could significantly influence UBS' profitability in both the near and long term and they will constrain the Swiss bank from resuming dividend payments, CFO John Cryan told CNBC Tuesday.
For now, Greece has been saved but at what cost? The sums involved are staggering and could have been much lower if the euro zone's governments had appreciated the size and scale of the problem earlier and learned the lessons of history.
Despite yields on Greek debt falling after the bailout deal, analysts and investors warn that there are still pitfalls that could threaten the single European currency.
European officials are finally getting spurred into action by the danger of contagion and sources in the City say Greek debt is a screaming buy.
Had Frau Merkel listened to Herr Schaeuble from the beginning, a lot of time and money would have been saved.
While Portugal and Spain are the most recent targets of S&P downgrades, Italy or even Ireland could be next.
But that’s no reason to sell stocks, he says. Here’s how you survive the debt tsunami crossing the Atlantic.
A lack of competitiveness, not credit default swaps (CDS), brought Greece to the brink of financial catastrophe, former Greek Finance Minister Yannos Papantoniou told CNBC.com Wednesday.
The market reaction to the debt crisis in Greece and the euro zone has spooked investors across the world and led to heavy selling of stocks. But is the crisis actually impacting real businesses, given Greece makes up only two percent of euro zone gross domestic product?
Germany's reticence to come to the rescue of the Greek government has been widely criticised across the euro zone.
Whispers of contagion are sending a chill through bond markets, while the euro is likely to fall further and things don't look pretty for stocks. Smart money is likely to go into gold.
The sovereign debt crisis will get worse and bond vigilantes could move on to even bigger economies like the United States and Japan when they are done sweeping through vulnerable European nations, according to economist Nouriel Roubini.
The man who is likely to succeed Jean-Claude Trichet as the President of the European Central Bank told CNBC that the Greek bailout will be implemented soon and dismissed the idea that the euro zone is at risk of falling apart.
“Stockholm syndrome” – in which captives become sympathetic to their captors – is to blame for the “extremely limited” efforts at improved regulation seen since the financial crisis, the FT reports.
The Securities and Exchange Commission's (SEC) charge of fraud against Goldman comes at a bad time for the company but it is unlikely to spell the end of Wall Street's most famous investment bank, Dennis Gartman, author of the Gartman Letter, told CNBC Wednesday.
Perhaps, you’ve been mystified, like me and the CNBC crew here in Vienna, by how a big cloud now covering much of Europe has brought us back to the Stone Age, travel-wise.
European Commission President Jose-Manuel Barroso on Sunday called for Europe to co-ordinate any steps to address the economic impact of Icelandic Volcano which has grounded flights across the continent.
Before we blame Greenspan for the past bubble and bust, it is worth reiterating that of course there was a lot of blame to go around in this area.
Swiss banking giant UBS said Monday its pre-tax profit will be at least 2.5 billion Swiss Francs ($2.33 billion) in the first quarter, when outflows of funds continued.