The European financial system is "resilient" and has sufficient liquidity, the European Central Bank said Monday, as banking shares plunged following the announcement that UBS would take over troubled rival Credit Suisse."The European banking sector...

Shares of Europe's biggest banks tumbled on Friday after trouble at a regional US lender sparked a Wall Street rout on the sector in the United States.Deutsche Bank shares were down nearly 10 percent after the Frankfurt stock market opened, while Ger...