Stock indices closed lower as bank shares declined. Global regulators fined UBS AG, HSBC Holdings Plc, Royal Bank of Scotland, JPMorgan and Citigroup Inc. $3.4 billion for foreign-exchange manipulation.

Industrial production in the Eurozone rose 0.6% in September, in line with expectations, after a 1.4% drop in August. August's figure was revised up from a 1.8 fall.

On a yearly basis, Eurozone's industrial production increased 0.6% in September, beating expectations for a 0.4% decline, after 0.5% fall in August. August's figure was revised up from a 1.9 drop.

The Bank of England (BoE) lowered its economic growth and inflation forecasts.

The BoE cut its forecasts for economic growth in 2015 to 2.9% from a previous 3.1% gain.

The BoE Governor Mark Carney warned that inflation could fall below 1% in the next six months due to lower commodity prices and a slowdown of global growth. The central bank expects inflation to achieve its 2% target in three years.

Indexes on the close:

Name Price Change Change %

FTSE 100 6,611.04 -16.36 -0.25 %

DAX 9,210.96 -158.07 -1.69 %

CAC 40 4,179.88 -64.22 -1.51 %