Italy's Monte dei Paschi says its restructuring plan includes writing off bad loans, job cuts and raising five billion euros in new capital.
In 2015 more than a third of the world's new billionaires were created in China, as for the first time Asia overtook the United States.
Commerzbank has confirmed it will reduce its workforce by more than a fifth - cutting 9,600 jobs as it faces a slump in earnings.
Observers say it is a sign that a sweeping corruption investigation is closing in on the inner circle of the leftist Workers Party leadership, who ran the South American country for 13 years.
Janet Yellen, the head of the US central bank, has defended it against accusations from Republican presidential candidate Donald Trump saying: "The Federal Reserve is not politically compromised".
British Prime Minister Theresa May has reassuring the bosses of leading US businesses following the UK's vote to leave the European Union.
Policymakers at the US central bank, the Federal Reserve, started a two day meeting on Tuesday. A majority of economists expect its benchmark main interest rate to be left unchanged.
US investment bank Lehman Brothers collapsed on September 15, 2008, sparking the the global financial crisis, the effects of which the world is still feeling.
New chief executive Marco Morelli has taken over at struggling Italian bank Monte dei Paschi di Siena which has to raise five billion euros to survive.
International Monetary Fund chief Christine Lagarde is to stand trial from December 12 for her role in a 400-million-euro payout when she was France’s Economy…
Italian bank Monte dei Paschi di Siena is reportedly about to be removed from the STOXX Europe 600 index - a listing of the region's top shares.
European Central Bank head Mario Draghi says the eurozone economy could be given further stimulus if the Brexit vote starts to have a negative impact.
The Bank of England has left the cost of borrowing unchanged in Britain - for now - which pushed down share prices in London and boosted the pound against the dollar and the euro.
France has stepped up its efforts to grab some of the London banking business that could be displaced by Britain's decision to leave the European Union.
Samsung is set for its best quarterly profit in more than two years thanks to robust sales of its flagship Galaxy S7 smartphones.
Britain's central bank has announced further measures to protect from the effects of Brexit including lowering the amount of money that banks have to keep in reserve so more cash will be loaned out.
British, US and European bond yields have fallen, in some cases to record lows, on the prospect of lower interest rates and other stimulus to counter the effects of the Brexit.
Britain's economic standing has suffered a further blow with the ratings agency Standard & Poor's stripping the UK of its last remaining AAA credit rating.
Britain’s representative on the EU’s executive body, the Commission, is resigning following the referendum vote for Brexit.
The Bank of England Governor Mark Carney has said its ready to intervene and provide additional help to prop up financial markets.
Euronews spoke to the EU Commissioner for Economic and Financial Affairs, Pierre Moscovici, at the Brussels Economic Forum
Standard and Poor's has warned that as borrowing costs go up some countries could see their credit ratings cut or outlooks lowered, with the most pronounced problem in the eurozone.
The EU says it is pondering a pilot scheme for a bloc-wide basic income for all, and this weekend the Swiss actually get to decide on the idea in one of their referendum votes, the first country to vo
Switzerland will become the first country to hold a national vote on whether to introduce a Universal Basic Income (UBI).
One of the top policymakers at the US central bank is dropping strong hints about the cost of borrowing going back up there.
Eurozone finance ministers have agreed to offer Greece debt relief in 2018.
The International Monetary Fund is applauding Saudi Arabia's sweeping reform plan calling it "an appropriately bold and far-reaching transformation".
Brazil’s newly installed Cabinet is getting to work, in the wake of Dilma Rousseff’s suspension. The economy is a priority for incoming interim
British supermarket chain Tesco has paid its Chief Executive Dave Lewis a cash and shares bonus worth 3.8 million euros for turning around the retailer.