Twenty five of the euro zone’s 130 biggest banks have failed a landmark health check and ended last year with a collective capital shortfall of €25 billion, the European Central Banks said today.

Twenty five euro zone banks, including nine Italian banks, have failed the European Central Bank’s stress tests, and will face a combined capital shor(...)

UniCredit and AnaCap announced a transaction for a €700 million portfolio of non-performing loans in February. Photograph: Valentyn Ogirenko/Reuters

The trickle of toxic debt being sold by Italian banks is turning into a torrent as UniCredit prepares to announce the disposal of more than €5 billion(...)

EasyJet rallied 6.4 per cent to 1,459 pence sterling in London. The airline said it expects to report pretax profit of at least £575 million for the year ended September 30th. In Dublin, Ryanair added 2.52 per cent to close at €7.597. Photograph: Denis Doyle/Bloomberg

European stocks rebounded yesterday on better-than-expected jobs news from the US. Disappointment with the European Central Bank’s asset-buying(...)

Frankfurt Stock Exchange.

European stocks plunged the most in more than 15 months on concern the European Central Bank’s asset-buying programme won’t be enough to boost inflat(...)

The tower of the new European Central bank (ECB) (R) is pictured next to the former market hall ‘Grossmarkthalle’ at the site of the new ECB headquarters in Frankfurt. Photograph: Ralph Orlowski/Reuters

The European Central Bank’s new banking watchdog will establish a whistleblower system to get tips on banks that may be breaking its rules and will se(...)

Italian finance minister Pier Carlo Padoan arrives for the EU Ecofin Council meeting at the EU headquarters in Luxembourg today. It is expected to endorse a proposal to allow Lithuania to adopt the euro as its currency as from January 2015. Photograph: Nicolas Bouvy/EPA

Yields on lower-rated euro zone bonds edged away from record lows today as a debt exchange in Italy prompted some investors to book profits after a re(...)

Out Thursday: Euro zone GDP (Q1)

TODAYResults: De Longhi; ImmuPharma; UniCredit. Meetings: Women on air conference (Dublin Castle, Dublin).Other: US monthly budget statement (Apr).TOM(...)

A branch of UniCredit in Milan. A preliminary agreement on a new vehicle for bad loans is expected to be announced shortly.

Italy’s two largest banks, UniCredit and Intesa Sanpaolo, are teaming up with US private equity firm Kohlberg Kravis Roberts to pool some of th(...)

The Central Bank is tasked with monitoring the level of large exposures which a firm has and their compliance with large exposure limits

UniCredit Bank Ireland has been fined €315,000 for being exposed to too many Spanish and Italian bonds on a number of dates in 2011 and 2012. (...)

UniCredit branch in Milan: the bank stunned investors with a large annual loss on Tuesday in a massive clean out of its balance sheet. photograph: alessia pierdomenico/bloomberg

For Italy’s banks seeking to present a clean slate going into European stress tests così fan tutte (...)