Former SocGen trader Jérôme Kerviel was today sentenced to five years in prison for the rogue activities which cost the French bank €4.9bn. Here is a recap of what the bank calls 'an exceptional fraud'.
Henderson Global Financials manager Emily Adderson has reintroduced a short position on European banks and boosted cash on expectations of near-term pressure for the sector.
Belgium's bond yields relative to the continent's benchmark Germany are rising at the fastest rate in the eurozone as the country struggles to fight its huge debt burden.