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Economy

European Central Bank defends continued eurozone stimulus

European Central Bank pledges to keep its aggressive stimulus policy for now but signals less need to prop up eurozone growth and inflation.

Business Series

Deutsche Bank seeking eight billion euros from new share sale

The past troubles at Germany's biggest bank mean it is asking investors to buy an additional eight billion euros worth of new shares.

Business Series

Royal Bank of Scotland makes a loss for ninth straight year

Royal Bank of Scotland - the subject of the world's biggest bank rescue - has announced losses of 6.96 billion pounds (8.2 billion euros) for 2016.

Business Series

HSBC's profits plunge dragging down share price

Europe's biggest bank HSBC saw annual pre-tax profit slump 62 percent with hefty writedowns and warned its revenues could fall again this year.

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Business Series

Credit Suisse announces big losses, more job cuts

Credit Suisse says its 2016 losses were 2.44 billion Swiss francs, it plans to cut up to 6,500 more jobs this year.

Markets

Italy's UniCredit selling 13 billion euros of new shares

Italy's biggest bank UniCredit is selling 13 billion euros of new shares to rebuild its capital reserves following writedowns on bad loans.

Economy

ECB's Draghi warns against US relaxing bank rules

European Central Bank head Mario Draghi has called the US administration's idea of relaxing bank rules "very worrisome".

Economy

Trump to weaken banking rules

President Donald Trump has started the effort to roll back the US laws brought in to regulate banks after the 2008 financial crisis.

Economy

UK central bank raises growth outlook

Bank of England raises forecast for UK economic growth this year, in no hurry to put up interest rates, sees inflation at 2.8 percent in early 2018.

Business Series

Deutsche Bank: the worst is behind us

Crisis-plagued Deutsche Bank is insisting the worse of its troubles are behind it even as it announced a Q4 loss of 1.9 billion euros.

Business Series

Deutsche Bank fined over Russian money laundering

Deutsche Bank failed to prevent around $10 billion (9.29 billion euros) in suspicious trades out of Russia between 2011 and 2015.

Real Economy

Is Europe in the mood to invest in itself?

This edition of Real Economy, from the European Investment Bank in Luxembourg, looks at the kind of investments Europe needs.

Business Series

RBS prepares to pay for 'painful' sub-prime legacy

Royal Bank of Scotland sets aside 3.1 billion pounds (3.6 billion euros) to settle claims by the US Department of Justice over mis-sold investments.

Economy

Hack attacks prompt possible cyber stress tests for banks

The European Union is reportedly considering testing the defences of the region's banks against cyber attacks to help step up their security.

Business Series

HSBC to move 1,000 staff from London to Paris after Brexit

HSBC, Europe's biggest bank, plans to shift around 1,000 workers, who generate around 20 percent of its trading revenue to Paris, post-Brexit.

USA

Deutsche Bank reach multi-billion dollar settlement with DoJ

Deutsche Bank, one of the biggest banks in the world, have reached an agreement with the US Justice Department over its sale of toxic mortgages in the run up to the 2008…

Italy

Italy approves bailout fund for failing banks, including Monti dei Paschi

The Italian government has approved a €20 billion bailout fund, as Monti dei Paschi fail to raise desperately needed funds from private investors.

Business Line

It's not easy running a central bank in these strange political times

Business Line reviews some of 2016's main economic changes and the responses of the Federal Reserve, the European Central Bank and Bank of England.

Economy

Spanish banks lose mortgage interest rate case

The European Court of Justice has ruled that two million Spanish mortgage holders are entitled to bank refunds because they paid too much interest.

Economy

Italy moves ahead with 20 billion euro bank rescue plan

Italy's parliament has approved a 20 billion euro plan to prop up the country's weaker banks, starting with a bailout for Monte dei Paschi di Siena.