Banking And Credit

European Central Bank to weigh end to stimulus program

Jun 12, 2018

The European Central Bank could signal readiness to end its bond-purchase stimulus at Thursday's meeting of its 25-member governing council, with analysts pointing to the end of the year as a likely final exit date

EU, IMF warn of US protectionism, back multilateral trade

Jun 11, 2018

Leaders of the International Monetary Fund, World Trade Organization and other international agencies warn that American protectionism could cause global economic damage

Swiss reject money proposal, approve on-line casino gambling

Jun 10, 2018

Swiss voters have rejected a referendum that would have made sweeping changes in their country's monetary and banking system

Asian stocks higher after Wall Street gains

Jun 7, 2018

Asian stock markets are rising following a Wall Street rally as remarks by a European Central Bank official eased worries about the new Italian government's plans

Top ECB official: Time to discuss stimulus withdrawal

Jun 6, 2018

A top European Central Bank official says policymakers will begin discussions next week on withdrawing the bank's bond-purchase stimulus _ suggesting the ECB isn't overly worried by the recent political upheaval in Italy

Australia charges 3 banks plus 6 staff with cartel crimes

Jun 5, 2018

Australia has laid cartel charges against banking companies Citigroup, Deutsche Bank and ANZ plus six bank executives over the sale of 2.5 billion Australian dollars ($1.9 billion) in ANZ shares to institutional investors three years ago

Deutsche Bank to slash thousands of jobs to control costs

May 24, 2018

Germany's struggling Deutsche Bank says it's slashing thousands of jobs as it reshapes its stocks trading business and tries to limit costs

Bulgaria hits setback in bid for euro membership

May 23, 2018

Bulgaria runs into setback in bid for euro membership; ECB says 'wide-ranging' reforms needed

IMF calls on Germany to increase public investment

May 14, 2018

The International Monetary Fund is calling on Germany to use the "still sizable fiscal space" in Europe's biggest economy to increase public investment

European Central Bank chief: Reform to make euro resilient

May 11, 2018

The head of the European Central Bank is urging political leaders to repair gaps in the way the euro is set up to prevent another crisis _ including by finding money to help governments hit by deep recessions

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