In the red: European banks head toward their lowest prices since August 2012. Photograph: Danish Siddiqui/Reuters

It was almost like 2008 all over again for the global financial sector this week as shares were routed. On Thursday, France’s Société Générale becam(...)

The Riksbank also cut rates three times last year

Sweden’s central bank cut its benchmark repo rate by 15 basis points to -0.50 per cent on Thursday and said it had “a high level of preparedness” to (...)

Frankfurt, Germany. Wednesday’s industrial output data for Britain, France and Italy followed news a day earlier of a shock plunge in Germany, setting back expectations that economic growth across the continent might be picking up in 2016.

Europe’s top four economies suffered steeper drops in industrial output during December than any analyst had forecast, a grim sign for the global econ(...)

Karl Marx: his warning that history repeats itself first as tragedy and then as farce has modern application. Any populist government in Europe might succeed in raising growth with banking policies – but this make them so dangerous. Photograph: Imagno/Getty

Rereading John Weitz’s biography of Hjalmar Schacht, Hitler’s Banker, I noted some interesting parallels between the 1930s and now that I had not cons(...)

Tough times for savers

Irish deposit rates have fallen far faster than interest rates at the European Central Bank (ECB) have declined. Consequently, as domestic deposit rat(...)

 Traders on the floor of the New York Stock Exchange: the dollar index fell for a fourth day on the latest batch of soft US data, which dampened expectations for US interest rate hikes this year. Photograph: Spencer Platt/Getty Images

Another volatile trading session saw European stocks end the day lower, although the London market rallied and made gains of more than 1 per cent. Fl(...)

European Central Bank president Mario Draghi. The ECB has raised the prospect of further easing as soon as March

The risk of acting too late on ultra-low inflation is greater than that of acting too early, European Central Bank president Mario Draghi said on Thu(...)

Up to 50,000 families could lose their homes over the next two years and a “mortgage time bomb” will explode if the European Central Bank raises interest rates. Photograph: Daniel Roland/AFP/Getty Images

Up to 50,000 families could lose their homes over the next two years and a “mortgage time bomb” will explode if the European Central Bank raises inte(...)

The strength of Germany’s labor market augurs resilient domestic demand that should keep underpinning what Economy Minister Sigmar Gabriel said last week was a “good, stable situation” for the country. (Photograph: BERND SETTNIK/EPA)

Germany’s unemployment rate unexpectedly fell to a record low in January, in a sign that economic sentiment in Europe’s largest economy is withstandi(...)

Volkswagen Financial Services, a bank owned by Volkswagen, in Braunschweig, Germany. Volkswagen Financial Services has helped VW’s growth, but its focus on the company’s cars could endanger profits if the emissions-cheating scandal continues to undercut sales. (Gordon Welters/The New York Times)

Volkswagen is more than just a scandal-plagued automaker. It is also one of Europe’s largest banks, and its loan portfolio appears vulnerable to the (...)