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.

19 September 2016

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.

15 September 2016

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.

15 September 2016

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.

12 September 2016

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Spain’s former industry minister has withdrawn his application for an executive job at the World Bank.

7 September 2016

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".

31 August 2016

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.

18 August 2016

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.

5 August 2016

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.

4 August 2016

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.

4 August 2016

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

4 August 2016

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.

3 August 2016

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.

3 August 2016

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.

2 August 2016

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.

1 August 2016

World News

One of world's oldest banks fares worst in EBA stress tests

One of the world’s oldest banks has fared worst in the European Banking Authority’s latest stress tests.

30 July 2016

Italy

Italy's Monte dei Paschi bank among poor performers in latest in EU stress test

Banks from Italy, Ireland, Spain and Austria have come out worst in the latest European Union stress test.

30 July 2016

Economy

Spanish banks' non-performing loans down again

Spanish banks' problem loans fell in May - the 18th straight month that they have dropped.

19 July 2016

USA

Ex EU Commission chief's bank job sparks fury and calls for reform

France is calling for the EU to tighten rules on commissioners taking appointments after leaving office.

14 July 2016

Economy

Bank of England's Carney defends Brexit warnings

Accused of putting out "scare stories" and "phony forecasts" before the EU referendum, Bank of England Governor Mark Carney has defended warnings about the economic risks of Brexit.

12 July 2016