Deutsche Bank has reached a $7.2 billion deal with U.S. authorities to settle allegations of mis-selling MBS, while Credit Suisse has reached a $5.3 billion deal.
European markets trod water in early trade on Friday, with banking stocks moving higher after a raft of overnight legal news from the sector.
European markets opened lower as trading desks began to thin out on the last full day of work for London's financial sector before the long Christmas break.
McGuigan Wines CEO Neil McGuigan talks about the biggest challenges the winemaker is facing.
Markets in Europe started trading in the red on Wednesday after German authorities admitted the country suffered a terrorist attack.
Chinese consumers want anything that is high quality out of the West and Bordeaux has done a fantastic job at this, says McGuigan Wines CEO, Neil McGuigan.
European stocks open higher on Tuesday after two separate attacks in the German and Turkish capitals.