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ABLV Bank is Latvia's third-biggest bank

ECB pulls the plug on Latvia's failing ABLV Bank

Latvia's ABLV Bank is failing or likely to fail and will be wound up as saving it is not in the public interest, the European Union's Single Resolution Board and the European Central Bank said separately over the weekend.

Business • 26 Feb 18

Euro zone economy grew by 0.6% in the third quarter, Eurostat confirmed today

Euro zone annual growth backs ECB's tapering move

The euro zone economy grew by more than the US in the third quarter compared with a year earlier, data showed today.

Business • 14 Nov 17

Deutsche Bank's CEO John Cryan said that Frankfurt was the most 'natural location' for banks moving from London

Deutsche Bank CEO sees Frankfurt as banks' favourite

Deutsche Bank's chief executive John Cryan said that Frankfurt was the most natural location as a financial hub as banks move from London after Britain's decision to leave the European Union.

Business • 06 Sep 17

The European Central Bank supervises top euro zone lenders

Foreign banks face new EU set-up to allow more scrutiny

Nineteen foreign banks in the European Union will need to set up new holding companies so that regulators can scrutinise them more closely, an EU discussion paper says, mirroring steps taken by the US.

Business • 04 Sep 17

The single currency is on track for a sixth straight month of gains against the dollar – its best run in five years

Euro climbs to 2-1/2-year high close to $1.20

The euro has climbed to a 2-1/2-year high close to $1.20 in thin trade today, extending gains made at the end of last week after the head of the European Central Bank held back from talking down the buoyant currency.

Business • 28 Aug 17

At the time it was the biggest ever injection of funds into financial markets and probably the most stunning single central bank action to date

A decade on, ECB's bold credit crunch fix looks quaint

Ten years ago to the day, the European Central Bank pumped €95 billion into the banking system to prevent it from seizing up, marking the start of the global credit crisis.

Business • 09 Aug 17

The euro is up 0.36% on the day trading at $1.1673, its strongest position against the dollar since August 2015

Euro nears two-year high against dollar

The euro is at its highest level against the dollar in nearly two years, after what markets perceived as hawkish talk from European Central Bank chief Mario Draghi.

Business • 21 Jul 17

The European Central Bank begins a set of key policy meetings tomorrow

Time to taper? Five questions for the ECB

The European Central Bank's quantitative easing scheme expires at the end of the year and with the economy gaining strength, expectations are growing that the days of central bank bond-buying are numbered.

Business • 19 Jul 17

IHS Markit's Manufacturing Purchasing Managers' Index for the euro zone rose to 57.4 in June, up from May's 57

Euro zone factories round off H1 on a six year high

Factories across the euro zone rounded off the first half of 2017 by ramping up activity at the fastest rate for over six years as rising prices failed to put a dent in orders.

Business • 03 Jul 17

Markit's flash Composite Purchasing Managers' Index for June fell to 55.7 from the 56.8 it registered in April and May

Euro zone businesses end Q2 with slower growth - PMI

Roaring euro zone business growth tailed off unexpectedly toward the end of the first half of 2017 following a sudden slowing in the pace of expansion by services firms, a survey showed today.

Business • 23 Jun 17

Santander Chairwoman Ana Botin said that the combination of the banks would strengthen the group's geographic reach

Santander rescues Banco Popular from collapse

Spain's biggest bank Santander today said it would buy struggling rival Banco Popular for a nominal one euro after European authorities determined the lender was on the verge of insolvency.

Business • 07 Jun 17

Some euro zone banks are "in denial" about their problems with unpaid loans, says the ECB's Daniele Nouy

Some euro zone banks 'in denial' about bad loans - Nouy

Some euro zone banks are "in denial" about their problems with unpaid loans, the European Central Bank's chief supervisor has said.

Business • 19 May 17

No interest rate changes from European Central Bank today

ECB to cut asset buys to €60 billion a month

The European Central Bank unexpectedly reduced its asset buys today but reserved the right to increase purchases once again.

Business • 08 Dec 16

Fianna Fáil's mortgage interest bill criticised

The European Commission and the ECB have completed their latest post-programme surveillance mission to Ireland this week - and have criticised Fianna Fáil's bill to give the Central Bank the power to cap mortgage interest charges.

Business • 05 Dec 16

The German economy grew by 0.2% in third quarter, while business confidence held at a two year high in November

German business confidence steady despite Trump

German business confidence held at a two-year high in November, with the upbeat sentiment unchanged despite the election of Donald Trump as US president.

Business • 24 Nov 16

The euro zone flash composite Purchasing Managers' Index jumped to 53.7 from September's 52.6

Euro zone firms have strongest month this year

Business activity in the euro zone has expanded at the fastest rate this year in October, despite firms raising prices at the sharpest rate in more than five years.

Business • 24 Oct 16

Food, alcohol and tobacco prices rose 0.7% year-on-year in September, Eurostat said

Restaurants, rents push up euro zone inflation

Higher prices in restaurants and cafes as well as rents and cigarette prices pushed up euro zone inflation in September, offsetting the downward pull on the index from cheap fuel and gas prices.

Business • 17 Oct 16

Proposals may include buying a limited amount of bonds yielding less than the deposit rate, which the ECB currently rules out, and buying a bigger share of any individual bond issue

ECB may discuss changes to asset-buying scheme

The European Central Bank may discuss technical changes to its asset-buying scheme next week but a decision could be deferred until December.

Business • 12 Oct 16

European Central Bank Vice President Vitor Constancio says euro zone growth remains on track

Euro zone economy resilient to recent shocks

The euro zone economy is proving surprisingly resilient to a series of recent shocks and growth remains on a steady path in line with projections, European Central Bank Vice President Vitor Constancio said on Sunday.

Business • 10 Oct 16

The ECB's QE programme is set to expire in March 2017

No sign of ECB ending massive easing programme

The European Central Bank is ready to extend its "quantitative easing" programme if necessary, minutes from a September governing council meeting showed today.

Business • 06 Oct 16

Good news on the euro zone inflation front for the ECB today

Euro zone inflation rises to 0.4% in September

The inflation rate in the euro zone doubled as expected in September as the impact of weaker energy prices diminished.

Business • 30 Sep 16

Central Bank's Philip Lane was speaking at New York University last night

Supervisors must mitigate risks of low rates: Lane

Very low ECB interest rates could lead to excessive risk-taking but it is up to supervisors to mitigate these risks as ECB policy is clearly doing the job intended, Central Bank Governor Philip Lane has said.

Business • 28 Sep 16

ECB boss Mario Draghi says that activity is shifting from banks to financial intermediaries

Europe's shadow bank sector needs closer scrutiny

Financial services are shifting away from banks in the euro zone to the so-called 'shadow banking' sector, requiring fresh rules across a range of areas to mitigate risk, European Central Bank President Mario Draghi has said.

Business • 23 Sep 16

Euro zone unemployment is still hovering around 10% and youth unemployment above 20%.

Euro area employment rising faster than hoped

Employment in the euro zone is rising faster than expected and this may continue, but at a cost to productivity and potentially to long-term economic growth, ECB research shows.

Business • 22 Sep 16

Slovenia's central bank chief says that central banks have plenty of fire power left

Talk of ECB policy change not about direction

The European Central Bank's stimulus measures are working, so there is no need now for a change, and even if adjustments become necessary they should be incremental.

Business • 16 Sep 16