In an interview to German newspaper Handelsblatt, Isabel Schnabel, a board member on the European Central Bank said, the ECB may have to raise interest rates as early as July to stop “extremely high” inflation from getting entrenched. In March,… Read More ›
As per three sources familiar with the matter at hand, regulators at the European Union have told some banks to scrutinise transactions by all Russian and Belarusian clients, including EU residents, in order to ensure that they are not used… Read More ›
In a statement on Wednesday, Russia’s biggest lender Sberbank said, it was exiting from almost all European markets following threats to its staff, property and large cash outflows. The development comes in the wake of the bank reporting a record annual… Read More ›
According to two sources with knowledge of the matter at hand, the European Central Bank has begun preparing banks for a possible cyber-attack from Russian actors. The standoff between Russia and Ukraine has hit a nerve in Europe’s political and… Read More ›
On Friday, in a move that is likely to reassure regulators, Deutsche Bank CEO Christian Sewing said, Deutsche Bank is willing to give up his role of overseeing the investment bank in the foreseeable future. Deutsche Bank, Germany’s biggest bank,… Read More ›
On Monday, Christine Lagarde, President of the European Central Bank said, the bank is setting up a climate change centre to coordinate its thinking on how to best incorporate climate issues into monetary policy and banking supervision. “We are now… Read More ›
In a landmark moment for Europe’s push towards climate focused financing, investors lapped up Germany first-ever green bond. Germany has raised 6.5 billion euros from the 10-year bond after investors queued up for over 33 billion euros. “With today’s issue… Read More ›
On Wednesday, Klaas Knot, governor of Netherland’s central bank, who also sits on the European Central Bank’s Governing Council stated, in the event of a hard Brexit in 2020, the damage to the economy would be as great had Britain… Read More ›
ECB policymaker Francois Villeroy de Galhau highlighted the ECB’s resolve to not be swayed by market wings. Economic data will be the determining factor for its next policy move. In an interview on Monday, ECB policymaker Francois Villeroy de Galhau… Read More ›
On Thursday, BlackRock pulled out from a rescue effort citing exceesive risks among other reasons. Following BlackRock’s pullout from rescuing ailing Italian lender Banca Carige, the European Central Bank got in touch with special administrators who run the bank, said… Read More ›
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