Global regulators have postponed a meeting to agree major reforms to the banking sector prompted by the 2008 crisis.
Executives at Monte dei Paschi of Siena (MPS) were fighting on Sunday night to salvage a multibillion-euro rescue by private investors in a frantic attempt to prop up the bank.
The European Central Bank has vowed to continue with its programme of electronic money printing to shore up the eurozone recovery but surprised financial markets by reducing the amount of stimulus it expects to provide each month.
Mario Draghi, the president of the European Central Bank (ECB), has urged the British government to disclose more information about its plans to leave the EU.
The U.S. bank Citi on Monday became the first global lender to come under European Central Bank supervision since Britain's vote to leave the European Union - an option several UK-based companies are exploring to keep their access to the single market.
One of the City’s most prized businesses – the way that financial products priced in euros are processed – will not be lost to the remaining members of the European Union as a result of Brexit, according to an analysis by ratings agency Standard & Poor’s.
Top European central bankers have warned against politicians interfering in monetary policy, amid intense scrutiny of Mark Carney’s interest-rate strategy following the Brexit vote.