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Markets

Monday blues as Deutsche Bank and energy sector pull down European stocks

European stock markets are suffering a nervous Monday as investors sold off energy company and bank shares - with Deutsche Bank the biggest loser.

Spain

Former IMF chief Rodrigo Rato in the dock on corruption charges

Former IMF chief Rodrigo Rato arrives at court for his trial relating to the alleged misuse of company credit cards.

Business Series

French court cuts damages owed by rogue trader Jerome Kerviel

A French appeals court has cut the amount of damages owed by trader Jerome Kerviel to his former employer Societe Generale to a million euros.

Markets

Caixabank sells shares to buy Portugal's BPI

Spain’s Caixabank has sold 1.

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Economy

Bank of Japan changes stimulus policy, denies it's running out of options

The Bank of Japan is changing tack as it tries to get the economy growing again with an increased emphasis on the amount of interest paid to investors who buy government bonds.

Economy

German ECB policymaker Weidmann warns on London's financial hub role post-Brexit

Bundesbank's Jens Weidmann warns of the risks to London as a financial centre after Britain leaves the European Union.

USA

Eight years on - the collapse of Lehman Brothers

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.

Business Series

New chief executive faces huge task to rescue Italian bank Monte dei Paschi

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.

Economy

Spain's taxpayers will never get most of bank bailout money back - report

Spain's government has reportedly admitted it will never get back much of the more than 50 billion euros used to bail out the countries' banks according to a report the newspaper El Pais.

Spain

Spanish minister withdraws application for job at World Bank

Spain’s former industry minister has withdrawn his application for an executive job at the World Bank.

Economy

Deutsche Bank's boss calls for more cross-border bank mergers

The boss of Deutsche Bank has said there should be more cross-border bank mergers in Europe to counter "scattered regionalism".

Business Series

German bank charges customers for holding their money

A small co-operative bank in the picturesque town of Gmund in Bavaria is turning financial norms upside down.

Business Series

More massive losses at Royal Bank of Scotland

Royal Bank of Scotland has sunk deeper into the red and said it is likely to take even longer than expected to return to profit.

United Kingdom

Bank of England fights Brexit vote slowdown with stimulus

Britain's central bank has unveiled a series of stimulus measures to help protect the economy from the effects of the vote to leave the European Union.

Markets

Shares rise, pound drops on UK stimulus measures

UK finance minister Philip Hammond has welcomed the stimulus measures announced by the Bank of England; in reaction London's FTSE 100 share index rose and the pound fell in value.

United Kingdom

Bank of England cuts the cost of borrowing to counter economic effects of Brexit vote

The UK's central bank has cut its base interest rate for the first time in seven years, from 0.5 percent to 0.25 percent - a new record low

Business Series

Monte dei Paschi bank 'about to fall out of top share listing'

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.

Business Series

HSBC to buy back shares amid profit slump

HSBC.,Europe's biggest bank, just reported a 29 percent drop in pretax profits for the first half of 2016 and will buy back $2.5 billion worth of shares.

Economy

Prime Minister Renzi tries to sound confident about Italian banking crisis

Italy's Prime Minister Matteo Renzi has been talking up the country's third largest bank, Banca Monte dei Paschi di Siena, even after it received the worst score in Europe-wide stress tests.

Markets

Rogue UBS trader Kweku Adoboli warns his crimes 'could happen again'

Former rogue UBS trader Kweku Adoboli warns banks are still pressuring employees to make profits "no matter what" and his crimes could be repeated.