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Spain banking sector shaken by report of bank run
Confidence in Spain's banks and its teetering economy was shaken Thursday after a newspaper reported that depositors were rushing to withdraw their money from Bankia, a troubled bank that was effectively nationalized just one week ago.Adding to the anxiety, rating agency Moody's downgraded its credit ratings on Spanish banks. The banking sector has been hit hard by a collapse in the Spain's property

Fitch downgrades Greece, cites euro exit risk

Fitch ratings agency downgraded debt-crippled Greece deeper into junk territory on Thursday, warning of a "probable" Greek exit from the euro currency union if new national elections next month

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Chaotic mkts: Keep your cool

It’s not been easy going for investors in the stock market. While the initial couple of months of the rally would have given some hope for things to improve, certain decisions or indecisions

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Syrian opposition head offers to resign

Syria's main opposition council is crumbling under the weight of infighting and divisions over issues that cut to the heart of the revolution, including accusations that the movement is becoming

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Greeks not alone in bank savings exodus

London/Athens: Greek savers may be gripped by a "great fear that could develop into panic" in the words of President Karolos Papoulias, but many Greeks shifted their money to safer havens in

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Spain beset by bank crisis, recession, bond pressure

Madrid: Spain's borrowing costs shot up at a bond auction on Thursday, after economic data confirmed the country is back in recession and reports that nationalised Bankia SA had suffered an outflow

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