Deutsche Bank

The Greek and international banking systems are "safe" and tools are in place to protect them from any impact from the crisis engulfing Deutsche Bank, Greek central bank chief Yannis Stournaras said on Friday.

Shares of Deutsche Bank fell 8% at the start of the European trading session on Friday, amid capital concerns following a proposed settlement by the U.S. Department of Justice and a report that some hedge funds were reducing their exposure to the embattled bank.

It is becoming clearer by the day that the economic crisis is moving gradually from Europe's periphery to the center, gnawing away at the credibility of Germany's economic behavior.

This column will leave it to analysts and experts with greater knowledge and experience of economic issues to venture estimates, forecasts and so on.

It is becoming clearer by the day that the economic crisis is moving gradually from Europe's periphery to the center, gnawing away at the credibility of Germany's economic behavior.

This column will leave it to analysts and experts with greater knowledge and experience of economic issues to venture estimates, forecasts and so on.

The shock waves resulting from reports that Berlin has ruled out state assistance for Deutsche Bank were felt as far as Athens on Monday, with Greek bank stocks sliding 6 percent. The local benchmark followed suit with losses of more than 10 points and trading volume dropped close to the 30-million-euro mark.

With spats over Apple and Deutsche Bank and squabbles about Airbus and Boeing, approaching elections on both sides of the Atlantic are exacerbating strains in U.S.-European economic relations.

Months of simmering tension between U.S. and European officials on tax and other issues have boiled over as the EU's top competition regulator stood by her decision to demand more than $14 billion in tax repayments from Apple, tweeting that she may investigate other major U.S. companies on Sept. 17, ahead of meetings with officials in Washington. 

Four prominent European banks have pinpointed corruption, money laundering, organized crime and the ability of Montenegro to repay its debts as the main risks to its economy.

Criminal cases have been filed against two Turkish men accused of crimes related to evading Iran sanctions and credit irregularities received from banks in the U.S., with New York prosecutor Preet Bharara presenting indictments against them on March 24. Bharara is also conducting the investigation into controversial businessman Reza Zarrab, who was at the center of Turkey's December 2013 corrup

European stock markets slumped on Feb. 8, giving up initial gains, as focus switched to the banking sector following recent poor earnings and persistent worries over China's economy, analysts said.