Fears that Greece will default on  debt have spurred outflows from banks in the euro zone country.  Photograph: Yorgos Karahalis/Bloomberg

Greek banks have seen deposit outflows accelerate over the past week as fears rise that the euro zone country will default on debt, two banking sourc(...)

Monte dei Paschi di Siena  chief executive Fabrizio Viola. Photograph: Marc Hill/Bloomberg

Italian bank Monte dei Paschi di Siena launched a €3 billion share sale yesterday, its second cash call in less than a year, to plug a capital shortfa(...)

A financial trader monitors data on computer screens at the Frankfurt Stock Exchange in Frankfurt, Germany. Photograph: Martin Leissl/Bloomberg

European shares fell on Tuesday and sterling rose to a 2-1/2 month high against a struggling euro as Greece’s ongoing debt drama offset bumper airline(...)

European Central Bank  asset buying is helping bank earnings, with firms such as Intesa Sanpaolo SpA saying profit doubled in the first quarter as it sold government bonds. (Photograh: FRANK RUMPENHORST/EPA)

The investment of choice for bulls seeking risk, value and domestic growth? European banks. The shares have jumped 28 per cent since a January low, b(...)

Joseph Stiglitz, Nobel prize-winning economist and professor of economics at Columbia University,. Photograph: Simon Dawson/Bloomberg

Joseph Stiglitz hankers after old heroes: Teddy Roosevelt, who broke up John D Rockefeller’s Standard Oil at the end of the Gilded Age in the United S(...)

Greece’s interior minister, Nikos Voutsis: ‘The four instalments for the IMF in June are €1.6 billion. This money will not be given, and is not there to be given.’ Photograph: Alexandros Vlachos/EPA

Greece will be unable to meet its repayments to the International Monetary Fund next month unless it reaches a deal with creditors, Greece’s interi(...)

US stocks fluctuated in early trading, as investors weighed the timing for higher interest rates amid data showing the fastest rise in consumer prices in two years.  Photographer: Chris Ratcliffe/Bloomberg

European stocks were little changed, posting their biggest weekly gain since mid-April. The Stoxx Europe 600 Index slipped less than 0.1 per cent to (...)

When the Oireachtas banking inquiry completes its work later this year, seven years will have elapsed since the onset of a banking crisis. This produc(...)

The Monte Dei Paschi bank logo at the bank’s headquarters in Siena, Italy. Trading in the bank’s shares, which fell as much as 5% in early trade, was repeatedly halted. The highly dilutive cash call is expected to continue to fuel volatility. Photograph: Stefano Rellandini/Reuters

Shares in Monte dei Paschi di Siena were volatile yesterday following the pricing of a €3 billion cash call at a steep discount. Italy’s third-largest(...)

  Four months have passed since Alexis Tsipras’s hard-left Syriza movement swept to power with ardent promises of a new beginning for Greece, an end to austerity and the “humiliation” of troika oversight, and a write-down of the vast national debt. Well, it never happened. Photograph: Alkis Konstantinidis/Reuters

The long and increasingly dangerous standoff between Greece and its creditors is coming to a head. With its economy at a halt after years of turmoil a(...)