Ratings agency Moody's has warned it may cut the credit ratings of 17 global banks and 114 European financial institutions as strains on the financial system increase.
The past three years have been a tumultuous time for the financials sector, which has seen a phase of deleveraging, rights issues and balance sheet repair which continues to this day.
Eurozone finance ministers have rejected a reported €3.3bn package of Greek budget cuts, dashing hopes the country will secure more bailout cash and avoid default.
Newton manager predicts risk on trades will perform best in short term despite gloomy economic outlook.
As signs point toward a recovery across the pond, we ask industry experts whether the current progress can be maintained...
The UK and Europe will both slip into recession in 2012, according to the National Institute for Economic and Social Research (NIESR).