European Central Bank

European Central Bank News

• Rehn Tells Euro-Skeptic Soini to Retract Czarist Thug Remark

  Updated 42 minutes ago

  European Union Economic and Monetary Affairs Commissioner Olli Rehn has told the leader of Finland’s euro-skeptic party to apologize for likening him to a Czarist- era ruler in a spat that coincided with the nation’s vote on a second Greek bailout.

• EU Bank Firewalls, Citigroup ‘Defects,’ D.E. Shaw-CFTC Claims: Compliance

  Updated 21 minutes ago

  The European Commission published the members and remit of a group of experts that will examine whether banks should build internal firewalls to protect taxpayers and customers when failure of one part of a lender threatens to cascade throughout the company.

• Germany Stocks Slide for Third Day as Daimler, BMW Drop

  Updated 14 minutes ago

  German stocks fell for a third day, erasing earlier gains, as carmakers declined after the European Commission forecast the region’s economy will shrink this year.

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  Samurai Extends Record Foreign Bond Sales as Yields Slide: Turkey Credit

  Updated 1 hour, 14 minutes ago

  Having borrowed a record $2.5 billion in U.S. currency, Turkey is now aiming to raise funds in yen as Prime Minister Recep Tayyip Erdogan’s government takes advantage of resurgent demand for its debt.

• Emerging Stocks Head for Biggest Drop in Week

  Updated 2 hours, 59 minutes ago

  Emerging-market stocks headed for the biggest decline in a week as reports signaled slowing economic growth and as technology stocks dropped after Hewlett- Packard Co. forecast profit that fell short of estimates.

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  Euro-Region Economy Poised to Shrink in 2012 as Italy Contracts With Spain

  Updated 1 hour, 1 minute ago

  Europe’s economy will shrink in 2012, with Italy and Spain facing sudden crunches as they battle to escape the debt crisis, the European Commission said.

• Italian Consumer Confidence Rose More Than Forecast in February

  Italian consumer confidence rose more than economists forecast in February as an easing of Europe’s sovereign debt crisis buoyed household sentiment and the outlook for employment.

• Dexia’s 11.6 Billion-Euro Loss in Breakup Wipes Out Equity

  Dexia SA, the lender being broken up after losing access to short-term funding, said disposal losses, additional writedowns on Greek bonds and a slide in the value of other government debt depleted shareholders’ equity.

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  Italy Defies Ratings to Deliver Best Return

  Updated 13 minutes ago

  Italy’s bonds have delivered the best returns in the world since their rating was lowered by two steps as European policy makers accelerated efforts to stem the region’s debt crisis and offered Greece a second bailout.

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  Credit Agricole Posts Q4 Loss on Greece

  Credit Agricole SA, France’s third- largest bank, reported a greater-than-estimated loss in the fourth quarter after setting aside money at its Greek consumer- banking network and writing down investments.

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