Lending throughout the euro zone failed to grow in April after a promising uptick a month earlier, a slip that tempers hopes for a rapid turnaround in borrowing to boost the economy.

Lending throughout the euro zone failed to grow in April after a promising uptick a month earlier, a slip that tempers hopes for a rapid turnaround in(...)

European ombudsman Emily O’Reilly: “Twenty one per cent of complaints last year related to a lack of transparency within the European institutions. EU laws and regulations are supposed to be enacted in a transparent way.” Photograph: Nick Bradshaw

The European Union’s failure to disclose key documents topped the list of complaints to the European Ombudsman’s office last year, EU ombudsman Emily(...)

Emily O’Reilly has asked Mario Draghi for a ‘detailed account’ of the incident Photograph: Nick Bradshaw / The Irish Times

European ombudsman Emily O Reilly has written to European Central Bank president Mario Draghi asking him to explain how a senior member of the Europea(...)

Negotiations are ongoing between Greek officials and representatives of the European Commission, the European Central Bank and the IMF. Photo: Bloomberg

The European Commission has played down hopes of a Greek deal by Sunday, warning that “more progress” is needed before an agreement can be reached. Sp(...)

Tony Grimes, former deputy governor of the Central Bank arriving at Leinster House for the banking inquiry. Photograph: Sam Boal/Photocall Ireland

Seán Quinn’s exposure to Anglo Irish Bank could have threatened the stability of the entire Irish financial sector, the banking inquiry has heard. To(...)

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(...)