Mar 19, 2013 13:19 EDT
Europe's main stock markets suffered further losses and the euro slid on Tuesday as Cyprus' international bailout appeared close to unravelling.
Mar 19, 2013 10:49 EDT
Europe's main stock markets dipped on Tuesday ahead of a key parliamentary vote in Cyprus on a crucial bailout deal that sent global share prices reeling the previous day.
Mar 18, 2013 13:29 EDT
Europe's main stock markets lost ground and the euro fell under $1.30 on Monday on news that Cyprus might tax bank deposits as part of a controversial international bailout.
Mar 18, 2013 11:36 EDT
Europe's main stock markets lost ground on Monday on news that Cyprus might tax bank deposits as part of a controversial international bailout.
Feb 24, 2013 22:42 EST
A director at Australia's Qantas Airways resigned from the board Monday after being linked to scandals at Italy's Banca Monte dei Paschi di Siena, the world's oldest surviving bank.
Feb 19, 2013 13:36 EST
Spanish property firm Reyal Urbis, which is drowning under a debt pile of over 3.6 billion euros, filed Tuesday for insolvency, the latest in a string of collapses of real estate firms since a property bubble burst in 2008.
Feb 17, 2013 14:13 EST
Thousands of Spanish doctors, nurses and other health care workers, many wearing white lab coats, demonstrated Sunday in 16 cities against budget cuts and plans to partly privatise medical services.
Feb 04, 2013 12:46 EST
European stock markets plunged on Monday and the euro dropped against the dollar amid fears of political turmoil in Spain and Italy, with banking shares suffering some of the heaviest losses.
Feb 02, 2013 16:43 EST
About 10 former top officials of Banca Monte dei Paschi di Siena have been named in a probe into a financial scandal that has shaken the Italian bank to its core, national media reported Saturday.
Jan 31, 2013 11:57 EST
Spanish bank Santander, the biggest in the eurozone by market value, said Thursday its net profit plunged in 2012 as it wrote off nearly 19 billion euros ($26 billion) for dodgy loans and for property assets in Spain.
Jan 29, 2013 12:40 EST
Italy's finance ministry on Tuesday said the crisis surrounding Banca Monte dei Paschi di Siena had no effect on the rest of the banking system, after the government gave the go-ahead for a 3.9-billion-euro ($5.3-billion) bailout for the troubled lender.
Jan 09, 2013 19:21 EST
Crisis-hit Spanish bank workers held nationwide protests on Wednesday, lashing out against top executives they blame for tens of thousands of layoffs in the industry.
Dec 17, 2012 14:55 EST
Banking giant Santander said on Monday that it will absorb two of its Spanish offshoots, closing 700 branches in the latest stage of Spain's great banking shake-up.
Dec 17, 2012 08:45 EST
Banking giant Banco Santander announced on Monday it will absorb its Spanish offshoots Banesto and Banif, closing 700 branches and saving an estimated 520 million euros ($680 million) a year.
Nov 28, 2012 16:04 EST
Crippled Spanish banks said they would cut thousands of jobs after Brussels on Wednesday gave a green light for a big slice of aid to rescue them with tough conditions.
Nov 28, 2012 12:58 EST
The rescue of Spain's crippled banks took a big step forward Wednesday when Brussels gave a green light for a big slice of rescue aid in a crisis shake-up that Bankia said would cost it 6,000 jobs.
Nov 28, 2012 12:08 EST
Europe's stock markets closed flat on Wednesday amid renewed concern about the looming "fiscal cliff" of automatic tax rises and spending cuts which threatens to send the United States back into recession, dealers said.
Nov 28, 2012 10:53 EST
Europe's stock markets slid on Wednesday on renewed concern about the looming "fiscal cliff" of automatic tax rises and spending cuts which threatens to send the United States back into recession, dealers said.
Nov 14, 2012 11:57 EST
Manchester United on Wednesday announced a return to first-quarter profit thanks to a slew of sponsorship deals and a huge tax credit, while the English Premier League leaders have also cut their debt.
Nov 02, 2012 13:53 EDT
State-rescued Royal Bank of Scotland on Friday posted a third-quarter net loss of £1.384 billion on massive accounting charges and warned it would likely face fines over the Libor rate-rigging scandal.