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Banks tightening loan conditions: ECB poll

(FRANKFURT) Anyone looking for a bank loan is finding it tougher because of the recent financial market turbulence and there is little short-term relief in sight, a European Central Bank survey shows. Eurozone banks in a quarterly poll by the ECB said on average that they had tightened conditions for both business and household lending, [...] Copyright © 2005 - 2008...

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Banks tightening loan conditions: ECB poll

(FRANKFURT) Anyone looking for a bank loan is finding it tougher because of the recent financial market turbulence and there is little short-term relief in sight, a European Central Bank survey shows.

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The Week Ahead: Geopolitical Issues Dominate

Markos Kaminis (Wall St. Greek) submits: Welcome back to recession. Actually, the “new style” concern is inflation, after the European Central Bank [ECB], Bank of England [BOE] and International Monetary Fund [IMF] all pounded that fear down the market's throat this past week. However, the true catalyst behind the move in the markets certainly had something to do with the...

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Why Europe will save us from $5 gas

The unwillingness of Europe’s central banks to cut rates will eventually lead to a continental slowdown, a stronger dollar and lower oil prices. With oil prices gushing above $126 a barrel, it's tempting to blame Europe for this inflationary mess. Both the European Central Bank and Bank of England, following their inflation-fighting mandates, left interest...

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Big eurozone companies facing tighter credit conditions: ECB

Financial market turbulence has led to a tightening of eurozone credit standards, particularly for loans to big companies, the European Central Bank said on Friday. “Banks……Read more

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09 May Press release TARGET2: Confirmation of go-live date for migration group 3

9 May 2008 - TARGET2: Confirmation of go-live date for migration group 3After the successful completion of its tests, the Eurosystem acknowledges the readiness of the banking communities of migration group 3 (composed of Denmark, Estonia, Greece, Italy, Poland and the ECB) and formally confirms that the migration of the third country wave to TARGET2 will take place as scheduled on 19 May 2008.As a...

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Dollar slips against euro

The 15-nation currency rises after European Central Bank signals that there won't be rate cuts in the coming months. The euro was higher against the dollar Friday after the European Central Bank signaled that it was unlikely it would consider any interest rate cuts in the coming months. In midmorning European trading, the 15-nation currency rose to [...]...

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09 May Press release Results of the April 2008 bank lending survey for the euro area

9 May 2008 - Results of the April 2008 bank lending survey for the euro areaThe European Central Bank (ECB) is today publishing its report on the results of the April 2008 bank lending survey for the euro area. The bank lending survey has been developed by the Eurosystem in order to enhance the understanding of bank lending behaviour in the euro area. The results include for the first time responding...

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Dollar falls against euro on ECB interest rate signals

The dollar fell against the euro Friday after the European Central Bank signaled that it was unlikely it would consider any interest rate cuts in the coming months.

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Dollar falls against euro on ECB interest rate signals

The dollar fell against the euro Friday after the European Central Bank signaled that it was unlikely it would consider any interest rate cuts in the coming months. In midmorning European trading, the 15-nation currency rose to $1.5470 compared with $1.5404...

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Credit to tighten at slower pace - Trichet

European banks expect to tighten credit standards in the second quarter at slower pace than in the first three months of the year, the European Central Bank said today.

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Greece urged to reduce deficit

The European Central Bank said the country needs to liberalise its labour markets, improve productivity and hold down wage increases to strengthen competitiveness Share This

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Greece urged to reduce deficit

The European Central Bank said the country needs to liberalise its labour markets, improve productivity and hold down wage increases to strengthen competitiveness

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Europeans and British Leave Rates Unchanged

The European Central Bank left its benchmark interest rate unchanged at 4 percent on Thursday, saying that the region's economy remained resilient despite financial turmoil.

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Fitch: ECB Lending Still Providing Liquidity Not Structural Funding

Fitch Ratings says in a report that European Central Bank (ECB) lending is continuing to facilitate liquidity in financial markets as intended, rather than providing structural funding for European banks' core businesses. The agency's findings run counter to some media reports and views that European banks are increasingly using ECB lending...