Banks in Spain, France and Italy sell govt bonds in Sept: ECB data

FRANKFURT: Spanish, Italian and French banks offloaded some of their government bonds in September, European Central Bank data showed on Friday.

European Commission Approves Bailout of Four Spanish Banks

The European Commission on Wednesday approved a payment of €37 billion, or $48 billion, from the euro zone bailout fund to four Spanish banks on the condition that they lay off thousands of employees and close offices as part of their restructuring.

Spain says first bank recapitalisation 37 billion euros

BRUSSELS: The first injection of loans to recapitalise Spain's broken banking system will amount to 37 billion euros (nearly $50 billion), Spain's Finance Minister Luis De Guindos said Monday.

Spain says convinced will find investors for bad bank

LONDON (Reuters) - Spain's Economy Minister said on Thursday he was certain the country would find interest from the private sector for the 'bad bank' it is setting up to park billions of euros in soured real estate assets.

Confidence Weakens in Euro Zone's Core

European Central Bank President Mario Draghi's new campaign to save the euro has had little or no immediate impact on the region's shrinking economy, figures published Thursday showed.

Spain's bad bank pricing to favour lenders over investors

MADRID: Spain's so-called "bad bank" is planning to take over soured property assets from struggling lenders at a modest additional discount to book value in order to protect struggling banks from further losses, three senior banking sources told a news agency.

EFSF Plans EUR3 Billion 10-Year Bond

The European Financial Stability Facility, or EFSF, has planned to issue three billion euros ($3.7 billion) of 10-year bonds, one of the banks running the deal said Tuesday.

Europe's top banks feel pain from debt crisis; Q2 profits plunge

FRANKFURT: Europe's biggest banks on Tuesday took massive hits on their second-quarter profits as the eurozone debt crisis slices into earnings and adds to the pressure to boost their capital defences.

Wall Street braces for barrage of data

NEW YORK (CNNMoney) -- Investors will have a lot to contend with this week: a deluge of earnings and economic reports are due out, including Facebook's (FB) first report as a public company and the first look at U.S. economic growth during the second quarter.

Europe's stability mechanism remains elusive

NEW YORK (CNNMoney) -- Europe has a lot riding on its latest tool to stabilize the euro currency union, but there are now more questions than answers about the European Stability Mechanism.

Spain requests bank aid, awaits Moody's cut

MADRID (Reuters) - Spain formally requested European aid for its indebted banks on Monday but the lack of details rekindled investor doubts over the financial sector, hours before Moody's was expected to cut the ratings of all Spanish lenders.

Angela Merkel slaps down direct bank aid at crunch summit

ROME: German Chancellor Angela Merkel reiterated on Friday her opposition to allowing Europe's crisis funds to recapitalise debt-stricken banks directly, stressing that EU treaties did not allow this.

Spain package important step towards union : Canada

MONTREAL (Reuters) - Canada's top policymakers endorsed on Monday the European Union's rescue package for Spanish banks as an important step toward fiscal and financial integration in the euro zone.

Europe bailout of Spain could cost $125 billion

MADRID: Spain will ask for a bailout for banks felled by bad real estate loans, in an about-face that European officials welcomed Saturday and said could cost up to (euro) 100 billion ($125 billlion).

Spanish savings banks mull merger as debt crisis bites

Three Spanish savings banks, Ibercaja, Liberbank and Caja3, are considering a merger to strengthen their balance sheets as the country's debt crisis continues to bite.

Europe's Rescue Plan Falters

Europe's bold program to defuse its financial crisis by injecting cash into the banking system is running out of steam.

Brussels' austerity drive must be stopped if eurozone is to survive

Looking back over 2012, it was clear where it had all started to go wrong for the eurozone. Markets had rallied strongly in the first two months of the year following the decision by the European Central Bank in late 2011 to provide cheap three-year loans to commercial banks starved of credit.