The German cabinet approved a banking rescue package worth up to 500 billion euros ($679.3 billion) on Monday, coalition sources said, taking a sector-wide approach after less comprehensive steps failed to calm
Greece's fourth-largest lender Bank of Piraeus agreed to buy 26.62% of small Greek lender Proton Bank through a share swap of one share of Piraeus Bank for every 5.5 shares of Proton
Last week’s deepening financial and economic crisis has brought forward new policy measures in Europe over the weekend. Here is a recap prepared by Citigroup analysts. Euro Area: Is this the ‘Super
Britain's economy is likely to shrink in the second half of this year and the chances of a severe downturn have increased, Bank of England policymaker Andrew Sentance said on Monday. The
Governments across the world moved on Monday to shore up confidence in the global banking system with a slew of bank bailouts worth hundreds of billions of dollars. Stocks markets reacted positively,
Britain's top share index surged 6 percent early on Monday, recouping some of last week's heavy losses as a government plan to pump billions of pounds into the troubled banking sector lifted
Japan's Mitsubishi UFJ Financial Group <8306.T> , which watched Morgan Stanley's <MS.N> share price plunge 58 percent last week, is amending its $9 billion deal to include only convertible preferred shares and
Rich nations rushed to shore up the global financial system after the International Monetary Fund warned of meltdown, with Australia and New Zealand guaranteeing bank deposits and newspapers reporting plans for Britain's
Major British banks are likely to announce their plans to recapitalize early on Monday, a person familiar with the matter said, a move which could see the government take multi-billion pound stakes
European stocks dived by more than 7 percent midday on Friday, swept up in a global panic sell-off as investors feared governments' efforts to thaw credit markets would fail to ward off
