Germany's second-largest bank, Commerzbank, is planning to cut between 4,000 and 6,000 jobs. The lay-offs are part of a larger trend of scaling back among German banks.
Germany's biggest commercial lender, Deutsche Bank, earned more than expected in 2014. Its net profit rose due to lower legal costs and better investment banking results.
The International Labour Organization (ILO) has said it expects the EU's large-scale investment plan to create millions of new jobs. But it warned that efforts needed to be focused more on the eurozone's strugglers.
The Swiss central bank has shocked financial markets by ending its bid to hold down the value of the franc against the euro. The surprise announcement sent the safe-haven Swiss currency soaring and shares plunging.
Japan's industrial output rose in December, suggesting the world's third largest economy may be climbing out of recession. But Tokyo's attempt to overcome deflation with cheap central bank money appears to be failing.
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