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)
For your diary

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 (...)

 Monte Paschi had a fourth-quarter net loss of €920.7 million, down from a €1.6 billion loss a year earlier. Photograph: Alessia Pierdomenico/Bloomberg

Banca Monte dei Paschi di Siena posted a seventh straight loss on bad-loan provisions and reorganisation costs, as the bailed-out lender moved (...)

Italy’s one-year funding costs fell further at auction today, marking a new euro lifetime low thanks to continued appetite for short-term debt(...)

Russia showed no signs of yielding in the Crimean standoff as Ukraine bolstered its defences. Photograph: Vasily Fedosenko/Reuters

Dublin’s stock market outperformed most of its European peers yesterday, with the Iseq climbing about 0.9 per cent. Most European stocks (...)

Italy’s biggest bank by assets said full-year provisions against losses from loans totalled €13.7bn in 2013. Photograph: Alessia Pierdomenico/Bloomberg

UniCredit posted a record €14 billion ($19 billion) loss yesterday due to huge writedowns on bad loans and past acquisitions as it moved to cl(...)

Fed officials, including chair Janet Yellen, have viewed the weakness in payrolls, which has been replicated in data such as retail sales, industrial production and home building, as largely weather-related and temporary. Photograph: Mark Wilson/Getty Images

US job growth rose more than expected in February, which could ease fears of an abrupt slowdown in economic growth and k(...)