European stocks fell 0.5% in choppy trade on Thursday amid more falls in the banking and automobile sectors.
The FTSEurofirst 300 index of top European shares ended 0.1% lower at 872.72 points.
Credit Suisse dropped nearly 4.2% after the group made a trading loss of 1.7 billion Swiss francs in the third quarter and warned the fourth quarter would be tough.
Peers Banco Santander and UBS both fell nearly 5%.
Daimler fell 1.3% after third-quarter operating profit plunged by two-thirds.
However, oil companies gained ahead of an OPEC meeting on Friday. BP and Royal Dutch Shell both rose more than 5% and Total added 1.5%.
Swiss company ABB slumped 18.45% after reporting a lower profit than expected. Orders for the third quarter were also down.
Spanish wind turbine maker Gamesa dropped 5.8% due to a decision to temporarily halt some production.
Mining stocks were also down after copper dropped to $US3,820 per tonne, its lowest since October 2005.
But the Dow Jones index gained about 2% in a volatile session on Thursday as stocks rose from five-year lows after a bounce in energy stocks.
The Dow industrial average rose 172.04 points, or 2.02%, to end unofficially at 8,691.25, based on the latest data.
Standard & Poor's 500 Index gained 11.34 points, or 1.26%, to finish unofficially at 908.12. The Nasdaq Composite Index was down 11.84 points, or 0.73%, to close unofficially at 1,603.91.
Other markets
Across Europe: Germany's DAX was down 1.1% but France's CAC 40 was 0.4% higher.
In Britain, the FTSE 100 ended 46.94 points higher, or 1.2%, at 4,087.83 after a volatile session.
The index fell 5.6% over the previous two sessions and is down more than 38% for the year to date.
Earlier in Asia, the Kospi index in South Korea was down 7.4% - its lowest close since July 2005.
In Hong Kong, the Hang Seng index was down 4.7% - its lowest level since April 2005.
In Australia, the S&P/ASX200 was down 4.37%.