Banking And Credit

The Latest: Europe's top banker encouraged by US trade talks

Jul 26, 2018

The head of the European Central Bank says the agreement struck between the European Union and the U.S. to defuse trade tensions is "a good sign."

European Central Bank keeps its key interest rates, stimulus settings on hold

Jul 26, 2018

European Central Bank keeps its key interest rates, stimulus settings on hold

Investment banking buoys Q2 profits at Swiss bank UBS

Jul 24, 2018

Swiss bank UBS says second-quarter net profit rose nine percent behind soaring gains in investment bank income and strong growth in its key global wealth management business

ECB research says stimulus didn't favor the rich

Jul 18, 2018

The European Central Bank is quietly pushing back against criticism of its stimulus policies, publishing a research paper from economists who found the bank's efforts did not increase inequality in wealth or income

Asian stocks rise as solid US performance lifts spirits

Jul 18, 2018

Asian stocks rise as Fed comments, solid US performance lifts spirits

World markets turn lower ahead of comments by Fed chair

Jul 17, 2018

World stock markets are mostly lower as investors looked ahead to Federal Reserve Chairman Jerome Powell's testimony to Congress for clues on U.S. interest rates.

Financial forum: Virtual currencies need close monitoring

Jul 16, 2018

An international forum on financial regulation say virtual currencies such as Bitcoin do not now pose a threat to global stability but cautions that "vigilant monitoring" is needed in light of a rapidly changing market

Trade war fears a clear concern of European bank officials

Jul 12, 2018

Top officials at the European Central Bank expressed confidence at their last policy meeting that the eurozone economy remains "broadly on track"

South Korea's central bank cuts outlook on trade battle

Jul 12, 2018

South Korea's central bank has cut its forecast on the South Korean economy, citing mounting uncertainties from the U.S.-China trade battle

ECB taking action to reduce bad loans at eurozone banks

Jul 11, 2018

The European Central Bank says it's taking further steps to reduce the amount of bad loans carried by banks _ a factor that hindered economic recovery and complicated debate on strengthening the setup of the euro

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