Banking And Credit

European Central Bank says Latvia's ABLV failing, to wind up

Feb 24, 2018

The European Central Bank says it has determined that Latvia's crisis-struck ABLV Bank is failing or likely to fail, and says the bank will be wound up under its home country's law

European Central Bank hints at revising stimulus outlook

Feb 22, 2018

The minutes to the last policy meeting of the European Central Bank are showing that policymakers could tweak the language accompanying the bank's stimulus program as soon as March

Global stocks slip in Europe as investors remain skittish

Feb 8, 2018

Global stocks are mixed, with European stocks declining after gains in Asian, as investors appeared skittish after this week's financial turmoil

Top global banking official warns of virtual currency risks

Feb 6, 2018

A top international banking official says that central banks should be prepared to intervene to prevent virtual currencies becoming a threat to financial stability

Draghi: too early to call time on money-printing stimulus

Feb 5, 2018

European Central Bank head Mario Draghi says it's too soon to declare victory over excessively weak inflation _ indicating it's too early to set a definite end date for the bank's money-printing stimulus despite a strengthening recovery

ECB experts: US tax law could erode Europe's tax base

Feb 5, 2018

Economists at the European Central Bank say that the U.S. corporate tax cut should lift the world's largest economy in the short term but could erode the tax base in European countries by intensifying global competition for lower rates

Tax issue pushes Deutsche Bank to third straight annual loss

Feb 2, 2018

Deutsche Bank, Germany's largest, is reporting its third straight year of net losses due to a 1.4 billion-euro charge resulting from new U.S. corporate tax legislation

Global markets mixed after Fed keeps rate unchanged

Feb 1, 2018

Global markets are trading mixed after the Federal Reserve left its benchmark interest rate unchanged

Asian markets mixed after Fed keeps rate unchanged

Feb 1, 2018

Asian markets mixed, Tokyo gains while Chinese markets decline after Federal Reserve leaves benchmark interest rate unchanged

Europe's Draghi cautions US about talking down dollar

Jan 25, 2018

The European Central Bank has left its interest rates and policy stance unchanged amid predictions that it will soon start signaling a definite exit from its extraordinary stimulus efforts

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