European banks

Italy’s right-wing government made an unprecedented decision by applying a windfall tax charging a 40% withdrawal from banks' profits. The tax, which strategically targets the net interest margin, disrupted the financial landscape Tuesday despite its aim to inject fresh resources into Rome...

German bank Deutsche Bank AG (NYSE: DB) saw its shares sink to a record low in reaction to nearly 200 law enforcement officials raiding its headquarters as part of a money laundering investigation. One of the options available for Deutsche Bank moving forward is to sell itself to a larger...

Shares of Deutsche Bank AG (USA) (NYSE: DB) fell more than 4 percent during Friday's trading session after the company confirmed it was preparing to raise approximately 8 billion euros ($8.47 billion) and consider strategic measures. The German-based bank had a rough 2016 as the U.S. Justice...

Barclays PLC (ADR) (NYSE: BCS) is among the few remaining large global banks to report its quarterly earnings. The London-based company is scheduled to report its third quarter results at around 2 a.m. EST on Thursday. For the most part, global banks have reported strong earnings. Here is a look...

Shares of Deutsche Bank AG (USA) (NYSE: DB) plunged nearly 10 percent at $13.41 ahead of Friday's morning session after the German-based bank was slapped with a $14 billion penalty from the U.S. Justice Department. The Wall Street Journal, citing "people familiar with the matter," reported that the...

Investors in British banks have at least a temporary relief on Tuesday from the post-Brexit stock crash, as markets opened the session up after two consecutive days of heavy selling. It remains to be seen whether or not the bounce will hold. But for some of the largest British banks, the market...

The weekend break wasn't of any help for financial stocks, particularly Europe's largest banks. The British pound fell to a fresh multi-decade low of $1.3210 early Monday morning and dragged the banking sector with it. By mid-morning in London's trading session, shares of Barclays...

The people of Britain have spoken and decided the fate of their country's future is better served by lawmakers in London, rather than Brussels. The impact of the UK's exit from the European Union is relatively unknown as it is the first of its kind in history. This doesn't mean that...

Hedge fund Fansanara Capital believes that financial markets are currently overly optimistic about a lackluster global economy. The firm’s four “conviction ideas” for the next year are all bearish ones. “As we re-assess the validity of the underlying risks, we expect a shift...

2016 was supposed to be the year of the banks. As investors counted down the final moments of 2015, they looked hopefully toward the banking sector as economic recovery, rising inflation and improving bond yields were seen benefitting the industry. However, those hopes were quickly dashed, as...

Bank stocks surged on Friday as investors had several reasons to be bullish. JPMorgan Chase & Co. (NYSE: JPM)'s CEO Jamie Dimon bought $26 million of JPMorgan's stock, according to a New York Times report. The publication suggested that Dimon's large stock purchase may serve as...

This week has been a brutal one so far for European banks, as the sector has seen a steep decline amid worries about bad debts and future instability. Germany's Deutsche Bank AG (USA) (NYSE: DB) has fallen nearly 40 percent so far this year, and others like Barclays PLC (ADR) (NYSE: BCS) and BNP...

Since 2008, European banks have gone through multiple strategic cycles and goals which were subsequently not met. Jernej Omahen of Goldman Sachs says "this time feels different" and banks' objectives and targets can now be achieved. Top picks in European banks include:...

The Bank of Canada recently released its June 2015 Financial System Review on Thursday and briefly commented on the financial stress situation in the euro zone and the probability for a default in Greece. The Bank of Canada stated that the ongoing financial stress in Europe leads to global...