European shares tumbled on Monday as
concerns of a second wave of coronavirus infections grew with
Beijing reporting a record number of new cases, while
underwhelming economic data from China also weighed on
China's factories stepped up
production for a second straight month in May, as the country
shook off the economic torpor of the coronavirus, although the
weaker-than-expected gain suggested the recovery remained
The Belarusian central bank on
Monday said it had imposed temporary administration on
Belgazprombank, which until recently had been headed by one of
President Alexander Lukashenko's main rivals in a presidential
election due in August.
Italian bank Intesa Sanpaolo
has increased the number of branches and amount of
assets it will sell to rival BPER if its proposed
takeover of UBI Banca goes through in an effort to
overcome antitrust objections to the deal.
National Australia Bank (NAB)
said some of the thousands of customers that have
requested relief on loans due to the coronavirus pandemic would
not be able to repay them, flagging it would not hesitate to
deny more assistance.