China's property crisis and the West's sanctions on Russia will drive a respective 20% and 66% of these two countries' "junk-rated" companies into default next year, analysts at JPMorgan have estimated.
BNP Paribas is expanding its equity research house Exane in the United States, after the euro zone's biggest lender took it over last year, the bank said on Tuesday.
Danske Bank's former chief executive Thomas Borgen was cleared by a Danish court on Tuesday of any liability for shareholder investment losses linked to the lender's involvement in one of the world's largest money-laundering scandals.
Carlyle Group Inc said on Tuesday its third quarter distributable earnings fell 12% year-on-year owing to a drop in income from asset sales primarily from its private equity division.
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European Union member states have backed a temporary watering down and two-year delay to 2025 for the final leg of the globally agreed Basel III bank capital rules, despite the ECB warning they risked "cracking the dyke" that protects stability.
Global hedge funds posted a 2% gain in October, helped by a rally in stock markets and a combination of higher inflation and interest rates, data provider HFR said in a statement on Monday.
Britain's banks were slow to start passing on increases in central bank interest rates to savers and consumers should consider switching to another UK lender, the Financial Conduct Authority said on Monday.
Italy's BPER Banca posted on Monday a better-than expected third quarter net profit helped by a rise in core revenues which were boosted by the recent acquisition of rival Banca Carige.
Anima Holding does not expect to strengthen its partnership with Monte dei Paschi di Siena in the near term, Chief Executive Alessandro Melzi D'Eril told analysts on Monday.
