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  (Reuters) – Moody’s Investor Service carried out a sweeping downgrade of 16 Spanish banks on Thursday, including Banco Santander, the euro zone’s largest bank, citing a weak economy and the government’s reduced ability to support troubled lenders. All the … Continue reading →

  By MICHELE MAATOUK LONDON—European stocks opened lower on Friday, with investors likely to flock to the safety of bunds and gilts, following Moody’s downgrade of several Spanish banks and Fitch’s downgrade of Greece’s credit rating. London’s FTSE 100 Index … Continue reading →

        European stock markets had a shaky start on Friday as concern continued over Greece and Spain. Spain’s main share index fell more than 2% before recovering, while shares in London fell by as much as 1%. … Continue reading →

  PUBLISHED: 07:33, 18 May 2012 | UPDATED: 08:26, 18 May 2012 Spain’s banking crisis reached Britain’s high streets last night when the credit rating of Santander UK was cut. In a sweeping reassessment, ratings agency Moody’s announced in Madrid … Continue reading →

    UK government making urgent preparations to cope with the fallout of a possible Greek exit from the single currency   The cost of a possible Greek exit from the euro has emerged as Mervyn King warned that Europe … Continue reading →

  PUBLISHED: 08:36, 17 May 2012 | UPDATED: 08:36, 17 May 2012 David Cameron will today express grave doubts about the survival of the euro amid fears that a collapse could drag Britain into a decade-long depression. He will warn … Continue reading →