Spain's Economy Minister shoots-down calls for Spanish banks to be bailed out, despite the country’s banking industry teetering on the brink of collapse
Euro is treading in negative territory due to concerns of Greece crisis contagion.
Obama, Hollande acknowledge need for reforms to avert global crisis.
Anonymous launches DDoS attacks on websites belonging to information office of federal government of Germany and city of Frankfurt to retaliate against police breaking up Blockupy protest camp.
Protesters were cleared from longest continuous protest in Europe before conference on monetary policy.
Spain's nationalised lender and its fourth-largest bank, Bankia, plunges in Madrid over solvency concerns
World Bank President Robert Zoellick has been quoted as saying that the core question will be not Greece, but Spain and Italy.
The U.S. dollar’s status as a safe-haven currency in risk aversion mode gains momentum again, as investors avoid risky assets amid intensifying concerns over the euroarea crisis. Besides, other safe-haven currencies such as Japanese yen (JPY) and Swiss franc (CHF), which also attract investors’ attention in risk-off environment, seems to be out of favor as their respective central banks doesn’t intend to see them appreciate.
In the latest European Fund Managers Survey from BofA Merrill Lynch investors have stayed calm in the hope that the European Central Bank will control the eurozone crisis with more QE.
The booming emerging markets may spearhead a further rise in global stock indexes as the growth spurt enjoyed by some major Western markets since the start of the year declines.
British bookmaker suspends bets on Greek exit as economic, political turmoil escalates.
The economic confidence in the eurozone fell more-than-expected in April, showing evidence of region’s recovery in the early part of this year is temporary and raising concerns that the economy is heading towards deepening recession.
Bad Loans hit 18-year peak in Spain, 12-year high in Italy as debate about direct bank support intensifies
A Bank of America Merrill Lynch survey of fund managers found increasing concern over the state of French and other EU states' finances.
Tough budgets in Iberia failed to lower borrowing costs, ECB holds key rate at 1 percent
Greece's premier has warned in an Italian newspaper that he cannot exclude the possibility of the country needing a third IMF-eurozone bailout.
British banks are required to raise more capital at the earliest as the strength of the worldwide financial markets remains weak.
The president of the European Central Bank insists the worst of the eurozone crisis is over, but do investors agree?
Bank of America Merrill Lynch Global Research survey of investors shows increasing confidence in Europe and growing fears over emerging markets.
Britain’s FTSE 100 index ended lower 56.40 points or 1 per cent at 5,871.51 on Wednesday, though investors digested the latest second round of a European Central Bank long term liquidity operation.
Lloyd's Banking Group (LBG) and the Royal Bank of Scotland (RBS), UK's leading part-nationalised banks, are reportedly planning to approach the European Central Bank (ECB) for a special three-year funding scheme.
Brussels meeting with European Bank president Mario Draghi and Olli Rehn, EU finance commissioner, scrapped.