Search Results for: European Central Bank
Italy found a solution for its troubled banks
February 16th, 2017
Italy’s parliament approved a law to plow as much as 20 billion euros ($21 billion) into Banca Monte dei Paschi di Siena SpA and other troubled banks as part of the nation’s efforts to revamp its banking industry. The lower ...
European Commission Considering Limits on Virtual Currency Transactions
February 1st, 2017
The European Commission has released an Inception Impact Assessment considering transaction limits on virtual currency transactions as it steps up efforts in its fight against the financing of terrorism. On 2 February, 2016, the Commission published a Communication to ...
ECB on pan-European instant payment solutions
January 11th, 2017
The European Central Bank (ECB) has published a Keynote speech by Yves Mersch, Member of the Executive Board of the ECB, at the French Payments Committee conference on “Technological innovations in payments and beyond”, Banque de France, Paris, 6 ...
Bundesbank announced basic rate of interest unchanged at -0.88%
December 30th, 2016
Bundesbank announcement of the basic rate of interest as of 1 January 2017: basic rate of interest unchanged at -0.88% The Deutsche Bundesbank calculates the basic rate of interest pursuant to section 247 (1) of the German Civil Code ...
European stocks end mixed; miners gain
December 29th, 2016
European stock markets closed mixed in light post holiday trade on Wednesday, with miners pushing higher, while Italian banks led decliners on ongoing concerns about the future of Banca Monte dei Paschi di Siena. The Stoxx Europe 600 index ...
Italy to bailout Monte dei Paschi di Siena bank with €20bn rescue fund
December 22nd, 2016
A €20bn (£17bn) rescue fund for Italy’s banking sector has been approved by the country’s parliament, heralding a bailout of the world’s oldest bank, Monte dei Paschi di Siena (MPS). The bank said late on Wednesday that it had ...
Italy seeks to borrow 20 bln euros to prop up banking sector
December 20th, 2016
The Italian government decided on Monday to seek parliamentary approval to borrow 20 billion euros to underwrite the stability of its wobbly banking sector, starting with a likely bail-out of No. 3 lender, Monte dei Paschi di Siena, as ...
Central Bank of Greece forecast a strengthening of growth for 2017
December 16th, 2016
Today, in accordance with its Statute, the Bank of Greece submitted its Interim Report on Monetary Policy 2016 to the Speaker of the Greek Parliament and the Cabinet. Progress with the implementation of the programme and with economic recovery ...
The world’s oldest bank survival may trigger deep crisis in whole Europe
December 8th, 2016
Monte dei Paschi bailout this weekend could trigger crisis in Italian banking Bankers are running out of private-sector solutions for Monte dei Paschi di Siena and have told the Italian lender to prepare for a state bailout this weekend ...
Italian bank faces legal claims for a total of more than 8 billion euros
November 28th, 2016
Ailing Italian bank Monte dei Paschi di Siena said on Monday it is facing potential legal claims for a total of more than 8 billion euros ($8.5 billion) in a series of civil lawsuits. In a prospectus for a ...
