European Union

The UK's four major banks have passed EU stress tests, although five Spanish banks failed, the Committee of European Banking Supervisors (CEBS) said.

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Hedge funds and asset managers will be caught by the EU-led crackdown on bankers' bonuses, it emerged last night.

Economic sentiment in Germany slid last week following signs the recovery is slowing, according to the Centre for European Economic Research (ZEW) in Mannheim.

Thames River's Peter Geikie-Cobb is looking to rebuild the US dollar exposure of his Global Bond fund to 75% over the coming month, having trimmed it to 50% in May.

Schroders' Andy Brough believes an eventual collapse of the euro would not be the Doomsday event many fear and could be the best scenario for many nations on the Continent.

Baring Emerging Europe experienced a strong rise in net asset value for the first six months of the year, boosted by a rally in the region's equity markets.

M&G's Richard Woolnough discusses the market turbulence in Europe and why the developments could force investors to look elsewhere.

The managers of Polar Capital's UK Absolute Return fund have used the turbulence of the past fortnight to increase net market exposure to its highest level this year, adding to positions in favoured banks and miners.

French President Nicolas Sarkozy threatened to exit the euro unless German Chancellor Angela Merkel backed the EU's €750bn safety net for the single currency.