Royal Bank of Scotland and Barclays may have to pay some of the biggest bills from an estimated $52 billion in fines and other litigation costs facing Europe's banks in the next two years, Morgan Stanley analysts said.
Germany, Russia, Ukraine and France have decided not to hold a summit on the conflict in Ukraine on Thursday because of a lack of progress in implementing a four-month-old ceasefire agreement.
U.S. President Barack Obama will invite allies to a Feb. 18 security summit in Washington to try and prevent violent extremism, U.S. Attorney General Eric Holder said on Sunday after meeting his European counterparts in Paris.