Societe Generale expects results to recover in 2010 with lower bad risk write-downs after it rattled markets last month with a toxic asset warning.
Barclays Plc beat forecasts with a near doubling of profits in 2009 to 11.6 billion pounds ($18.2 billion), cheering investors with an improved balance sheet and boosting shares across the sector.
U.S. stocks rallied on Monday on gains in the financial and energy sectors, despite the lack of a detailed plan for a Greece bailout from European finance ministers.
U.S. stock markets rallied today as investors increasingly expect the European Union to offer some sort of assistance for Greece.
Barney Frank, the powerful chairman of the House Financial Services Committee, said on Saturday a reported move by banks to agree on a global wind-down fund was a major recognition of reality.
Green technologies posed the investment opportunity of our lifetime said Deutsche Bank's global head of asset management, in a study published on Thursday.
Dubai-based Arabtec Holding may need a $1.7 billion investment by Abu Dhabi's Aabar Investments to cope with future losses, analysts said on Sunday, as its shares fell 6.9 percent.
Deutsche Bank (DBKGn.DE) is interested in bidding for commodity trading joint venture RBS Sempra as part of plans to strengthen its commodities business and is one of several suitors remaining, people familiar with the matter said on Thursday.
Consumers stepped up their spending in November and grew more optimistic this month, unexpectedly strong data showed on Friday, raising hopes a self-sustaining economic recovery was starting to unfold.
U.S. consumers stepped up their spending in November and grew more optimistic this month, unexpectedly strong data showed on Friday, raising hopes a self-sustaining economic recovery was starting to unfold.
Shares in banks, builders and companies part-owned in the Middle East fell around the world on Thursday and investors sought safety in government bonds on worries about Dubai's ability to pay its debts.
Banks risk becoming addicted to cheap central bank cash used to fight the financial crisis and must prepare for its eventual withdrawal, the head of the ECB warned at a Frankfurt banking conference on Friday.
Germany's Bundesbank urged banks to use a markets recovery to restructure and prevent a rerun of the financial crisis even as Deutsche Bank's chief called for a common bailout fund with taxpayer backing.
The European carbon market is bracing itself for a storm as another wave of selling by industrial companies is anticipated at the end of December or early January.
Kraft Foods Incsaid on Monday it secured a $9.2 billion senior unsecured term loan to help finance its $16.4 billion hostile takeover bid for Britain's Cadbury Plc.
An ache has hit the belly of investors who feasted on initial public offerings in Asia, in a sign the primary equity window that saw a big revival two quarters ago is beginning to quickly shut.
The euro held steady on Thursday as the European Central Bank kept interest rates on hold, while the pound rose versus the greenback as the UK central bank raised its asset buying but less than some expected.
News, details on bond issues in the European market on Tuesday:
Credit Suisse Group AG said it was upbeat about its prospects after exceeding third-quarter net profit forecasts by a wide margin thanks to a solid investment banking performance and good client inflows.
European shares fell for a second day on Wednesday, with financial stocks taking most points off the leading index after Deutsche Bank unexpectedly released quarterly figures that knocked its stock.
Expected strong quarterly earnings at Credit Suisse and a return to profit at Morgan Stanley will set the pace for the global wealth management sector as consolidation among private banks heats up.
The Bank of England left interest rates at a record low of 0.5 percent for the seventh month running on Thursday and said it would keep its 175 billion pound asset buying programme in place, as expected.