Author: Michael Hennessey

Spanish and Portuguese stocks were especially hard hit by the election result, with shares in Spain’s largest bank, Santander, down close to 4%.

The steelmaker said it isn’t able to safely restart operations at its Ukrainian subsidiary after missile attacks killed five people and injured 17 employees.

Under the proposal, the bank would be required to hold 90% in top-tier capital against its foreign subsidiaries, down from 100% the government previously planned.

Europe’s most valuable startup is pushing to expand its banking products and services and is seeking regulatory approvals to enter new markets elsewhere.