The Spanish newswire Efe said banks from Austria, Italy, Belgium, Cyprus, Portugal and Greece haved failed the ECB review based on preliminary data

European shares reversed early gains and dipped on Wednesday morning, with traders citing worries over potential failures in the European Central Bank(...)

Portugal’s Banco Espirito Santo was among a number of banks named in the S&P report as needing more liquidity and funding

Some euro zone banks have insufficient liquidity and several will continue to require support from the European Central Bank after long-term funding(...)

Flemish   NVA president Bart De Wever (centre) gestures during an election meeting  in Bruges late last month.  Photograph: Eric Vidal/Reuters

On Tuesday evening, citizens across Belgium gathered around the TV to watch a pre-election debate between two of the country’s top politicians, Paul M(...)

Peer Steinbrueck: both he and his Social Democratic Party have been particularly vocal critics of Ireland’s tax laws. Photograph:  Johannes Eisele/AFP/Getty Images

German politician Peer Steinbrück – one of the fiercest critics of Ireland’s tax regime – used Irish letter box companies when finance minister to (...)

6 George’s Dock, IFSC: two empty floors when fully let could increase rent roll from the third generation office block to around €1.4 million

Bank of Ireland is availing of the buoyant market to offload another distressed office investment in Dublin’s International Financial Services Centre.(...)

Minister for finance Brian Lenihan:  took charge of the State coffers just as “the building boom was coming to a shuddering end”.

It is like a scene from another world. In New York, the Lehman bankruptcy brings the capitalist system close to collapse. Giant banks and insurers tee(...)

The European Commission has proposed creating an agency to salvage or shut failed banks but its power to clean up the euro zone’s financial sector will be tempered by resistance from Berlin, where chanceller Angela Merkel (centre) is facing into autumn elections. Photograph: Thomas Peter/Reuters.

The European Commission today proposed creating an agency to salvage or shut failed banks, but the absence of an immediate backstop fund to pay for (...)

La Touche House boasts a prime location at the front of the IFSC in Dublin

One of the three original office blocks at the front of Dublin’s International Financial Services Centre has been sold in an o(...)

French president Francois Hollande’s government has  acknowledged it will overshoot this year’s target deficit of 3 per cent previously agreed with the European Commission. Photograph: Fred Dufour/Reuters

France missed its budget deficit target in 2012, as it will again this year, underlining the severe challenge facing President François Holland(...)