German postal and logistics group  Deutsche Post gained 2.2 per cent to €23.75 after reporting a 5.7 per cent increase in quarterly profit. Photograph: Reuters/Fabrizio Bensch

European stocks made a modest rebound after four days of losses, as companies including Credit Agricole and Deutsche Post reported better-than-expe(...)

Credit Agricole saw its profit almost wiped out in the second quarter as a result of its holding in  troubled Portuguese lender Banco Espirito Santo. Photograph: Hugo Correia/Reuters

Credit Agricole, France’s third- largest bank by market value, said profit was almost wiped out in the second quarter on charges tied to its stake in (...)

Bank of Portugal governor Carlos Costa arrives to read a statement in Lisbon yesterday. Portugal’s central bank said  it had decided to rescue troubled lender Banco Espirito Santo in a €4.9 billion euro recapitalisation to be pumped into the healthy part of the bank. Photograph: Hugo Correia/ Reuters

Portugal will spend €4.9 billion to rescue its largest listed bank, testing the euro zone’s resilience to another banking crisis just months after (...)

Sterling has strengthened 10 per cent in the past 12 months,  as an improving economy stoked bets the BOE would hasten an increase in borrowing costs. Photograph: Alastair Miller/Bloomberg

The pound advanced to its strongest level since 2008 versus the dollar as the fastest manufacturing growth in seven months boosted the prospects for h(...)

Joaquin Almunia, competition commissioner for the European Union (EU). Regulators have yet to decide on the next step of an ongoing investigation into suspected rigging and collusion in the trillion-dollar foreign exchange market, the world’s biggest marketplace. Photograph: Andrew Harrer/Bloomberg

European Union antitrust regulators have charged Europe’s biggest bank HSBC, US peer JPMorgan and France’s Credit Agricole with rigging financial benc(...)

Banco Espirito Santo is selling shares to create a capital buffer to face a tougher regulatory framework. Photograph: Mario Proenca/Bloomberg

Banco Espirito Santo, Portugal’s biggest publicly-traded bank by market value, fell the most in almost a year on a plan to raise €1.05 billion in a ri(...)

Fiat shares tumbled the most since August 2011

European stocks were little changed yesterday as disappointing earnings from Fiat to Société Générale offset a rally in Crédit Agricole after its prof(...)

Mario Draghi, president of the European Central Bank (ECB), could make the most radical move of his term when inflation figures are released on Wednesday.  Photograph: Ralph Orlowski/Bloomberg

The most-radical policy decision of Mario Draghi’s two and a half years so far at the helm of the European Central Bank could hinge on a single(...)

Russia’s central bank has unexpectedly boosted its key interest rate 150 basis points as shares in Moscow plunged the most in five years.

Stocks in Europe and Asia tumbled with US equity-index futures and emerging currencies while the yen, gold and Treasuries gained as tensions o(...)

 The bank said the economic outlook for France and Italy was improving and it would need to set aside less money for bad loans. Photograph: Balint Porneczi/Bloomberg

Credit Agricole, France’s third- largest bank, swung to a fourth-quarter profit said on its website, flagging improving conditions in its main (...)