Banking And Credit

ECB head Draghi: Trade protectionism is main risk to economy

Jul 9, 2018

European Central Bank head Mario Draghi said that rising trade barriers are the main threat to Europe's economy and that it's up to the European Union to "lead by example."

Global stocks sink after Fed hike signal, eyes turn to ECB

Jun 14, 2018

Global stocks have slumped after the U.S. Federal Reserve raised its key interest rate and said it would pick up the pace of future increases

Asian stocks slump after Fed signals faster rate hikes

Jun 14, 2018

Asian stocks have slumped after the U.S. Federal Reserve raised its key interest rate and said it would pick up the pace of future increases

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

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