Search Results for: euro area
Germany Stands To Be Big Winner of Much-Opposed ECB Stimulus
February 2nd, 2015
Germany, the biggest opponent of the European Central Bank’s new stimulus program, is poised to reap immediate benefits from the effort—an irony that underscores the complexities of designing one monetary policy for the 19-member currency area. The ECB’s program, ...
EU-US legal services break-through
January 30th, 2015
Conference of chief justices offers a way out of the old plot-line. A very significant step was taken a few days ago in the ongoing negotiations between the US and EU legal professions on opening markets in legal services ...
Council conclusions on Ukraine
January 30th, 2015
Foreign Affairs Council meeting Brussels, 29 January 2015 The Council adopted the following conclusions: “1. The Council strongly condemns the indiscriminate shelling of the residential areas, especially in Mariupol and the recent escalation of fighting in the Donetsk and ...
Standard Chartered CEO Is Under Pressure From Shareholders, Regulators, Staff
January 29th, 2015
Bank’s Top Shareholders Privately Push for New Leadership Amid Investor, Regulatory Anxiety Hundreds of Standard Chartered PLC’s most senior executives gathered earlier this month on Singapore’s Sentosa island to address the global bank’s dimming fortunes. From a lectern at ...
Central Bank of Hungary voted to leave the central bank base rate unchanged
January 28th, 2015
Central Bank of Hungary issued a press release informing that voted to leave the central bank base rate unchanged at 2.10%. In the Council’s judgement, Hungarian economic growth is likely to continue. While the pace of economic activity is ...
Exchange Traded Fund Assets under management to exceed $5 trillion by 2020
January 26th, 2015
Professionally managed financial investments globally are predicted to grow at 6% per annum to reach $100 trillion by 2020, according to a new report by PwC. Exchange traded funds (ETFs) will pay a prominent role in this growth, as ...
Deutsche Bank gains market share
January 22nd, 2015
Deutsche Bank gains market share in fixed income to rank No 1 globally Greenwich Associates’ 2014 Global Fixed Income survey, published today, shows Deutsche Bank has increased its fixed income market share by 10 basis points to 10.1% over ...
Here’s What the Swiss Central Bank Just Did and Why It’s Such a Shocker
January 19th, 2015
Today the Swiss National Bank shocked the world when it announced it would remove the cap it had in place to prevent the Swiss franc from rising too high against the euro. Here’s what that means and what it’s ...
Swiss National Bank press conference on Discontinuation of the minimum exchange rate
January 15th, 2015
Discontinuation of the minimum exchange rate The Swiss National Bank (SNB) has decided to discontinue the minimum exchange rate ofCHF 1.20 per euro with immediate effect and to cease foreign currency purchases associated with enforcing it. The minimum exchange rate ...
Swiss National Bank discontinues minimum exchange rate and lowers interest rate to –0.75%
January 15th, 2015
Target range moved further into negative territory The Swiss National Bank (SNB) is discontinuing the minimum exchange rate of CHF 1.20 per euro. At the same time, it is lowering the interest rate on sight deposit account balances that exceed a ...
