Banks struggle to balance deposits
The role of negative interest rates – becoming an ever more prevalent reality – in reviving hard hit economies Deposits in Cyprus banks recorded...
European Central Bank
ECB prepares ‘bad bank’ plan for wave of coronavirus toxic debt
European Central Bank officials are drawing up a scheme to cope with potentially hundreds of billions of euros of unpaid loans in the wake of...
Co-op ceases being a bank after giving up licence
The Central Bank of Cyprus said on Wednesday that the European Central Bank (ECB) has now revoked the Cyprus Co-operative Bank’s banking licence which allowed...
Soros lobbies ECB for more eurozone integration, draws criticism
Billionaire investor and activist George Soros has met a European Central Bank director to argue for closer eurozone integration, prompting criticism from some EU lawmakers who fear...
ECB ‘to force banks to raise bad debt provisions’
The European Central Bank plans to ask euro area banks to set aside more cash to cover bad loans, making it prohibitively expensive for lenders...
Brexit banks set to avoid lengthy euro zone entry test
By John O’Donnell Banks in London that relocate operations to the euro zone after Brexit are likely to be spared a lengthy entry test by...
ECB annuls Brussels appointment after complaints of favouritism
By Francesco Canepa The European Central Bank has annulled the appointment of its new Brussels representative after staff complained Stephane Rottier, an advisor to chief...
ECB’s Draghi says looking at options to drive QE forward
European Central Bank President Mario Draghi said on Thursday the bank was looking at options to ensure it could pursue its unprecedented money-printing programme, with...
ECB facing gathering storm clouds but will hold fire for now
The European Central Bank is all but certain to keep rates firmly on hold on Thursday but will have to address an ever-growing list of...
Top German court clears ECB’s OMT scheme with minor limits
Germany’s Constitutional Court rejected on Tuesday a challenge of the European Central Bank’s emergency bond-buying scheme, placing only minor limits on the Bundesbank’s participation in...
