European Central Bank council member Axel Weber said the ECB should help banks through end-of-year liquidity tensions before determining in the first quarter when to withdraw emergency lending measures.
Bundesbank President Axel Weber said a lack of “acceptance” among euro-area leaders for his views on monetary policy caused him to give up on becoming the next chief of the European Central Bank, Der Spiegel reported.
Bundesbank President Axel Weber plans to step down later this year, a decision that would rule him out of the race to succeed Jean-Claude Trichet as head of the European Central Bank, said a person who spoke to Weber today.
European Central Bank Governing Council member Axel Weber said the ECB should stop its bond- purchase program, threatening to remove a lifeline for European governments and banks trying to shore up their finances.
UBS AG Chairman Axel Weber said compensation at Switzerland’s biggest bank has to be in line with competitors to attract professionals at all levels, defending the board’s pay decisions for executives.