European Central Bank

ECB eager to host India-Pak Test series in England

Daily News Analysis (Free subscription) | 6 hours ago

The England and Wales Cricket Board (ECB) is eager to host India ?" Pakistan Test series in 2011 in England.

Banks should use profits for loans, not bonuses - ECB

The Irish Times (Free subscription) | yesterday

BANKS SHOULD step up their lending to support economic growth while taking steps to curb “undue” bonuses, European Central Bank head Jean-Claude Trichet said.

Time to withdraw some support programs, says European bank president

Denver Post (Free subscription) | yesterday

Although it is too early to say the crisis is over, it is time to withdraw some of the policy measures that supported the financial system through the credit crunch, European Central Bank president Jean-Claude Trichet said Friday.

• Europe: Drop some financial system crutches - MSNBC.com

ECB Takes Step Toward Crisis Exit

Law Blog - WSJ.com (Free subscription) | yesterday

The European Central Bank announced its first active step to unwind the stimulus measures it has used to support the financial sector since the global crisis last year.

ECB Trichet's comments show central banks' delicate balancing act

BloggingStocks (Free subscription) | 20/11/2009

Filed under: International markets , Indices , DJIA , Financial Crisis European Central Bank President Jean-Claude Trichet jolted the markets Friday with the announcement that the ECB will gradually withdraw the emergency cash injections it has added to the financial system, in order to prevent an acceleration in inflation. "Not all our liquidity measures will be needed to the same extent as...

ECB to gradually withdraw stimulus measures

Finance Markets (Free subscription) | 20/11/2009

Jean-Claude Trichet, President of the European Central Bank (ECB), has said liquidity measures will be scaled back in order to ensure it doesn’t fuel inflation. Currently the inflation rate within the 16 nations that use the euro is 0.5% but at the start of the summer, inflation turned negative for the first time, declining to -0.1% [...]

Being German is not a requisite for ECB presidency

The Telegraph (Free subscription) | 20/11/2009

Jockeying over who should succeed JeanClaude Trichet as president of the European Central Bank has already begun.

ECB slows emergency cash support

BBC News (Free subscription) | 20/11/2009

The European Central Bank says it will scale back emergency monetary support for fear of fuelling inflation.

Banks should lend more, curb 'undue' bonuses: ECB

France 24 (Free subscription) | 20/11/2009

Banks should step up their lending to support economic growth while taking steps to curb "undue" bonuses, European Central Bank head Jean-Claude Trichet said Friday. "Profits earned should be used -- as priority -- to build capital and reserves, rather than to be paid out as dividends or undue compensation," Trichet told a banking conference here. He maintained that to weather...

ECB to tighten bank rating requirements

ireland.com (Free subscription) | 20/11/2009

The European Central Bank will tighten its rating requirements for banks using asset-backed securities (ABS) as security in its lending operations, it said today.

ECB to Tighten ABS Requirements

Law Blog - WSJ.com (Free subscription) | 20/11/2009

The European Central Bank announced its first active step to unwind the extraordinary stimulus measures it has used to support the financial sector since the global crisis last year.

ECB's Trichet: Too early to say crisis is over

Market Watch (Free subscription) | 20/11/2009

LONDON (MarketWatch) -- European Central Bank President Jean-Claude Trichet on Friday warned that it was premature to conclude that the financial crisis has fully run its course. Analysts said the remarks contributed to risk aversion in financial markets, helping to lift the dollar. "I understand that the mood in the financial system is one of relief. But as of today, it is too early to declare...

Wall Street lower on Dell's earnings, Trichet remark

People Daily (Free subscription) | yesterday

Wall Street continued the previous decline Friday, after the technology giant Dell posted disappointing earnings and European Central Bank (ECB) President Jean-Claude Trichet said policy makers will withdraw emergency cash gradually. Stocks slipped as Trichet said the ECB will remove liquidity in order to ensure the bank doesn't fuel inflation. Technology stocks led the downward slide, after Dell reported...

• U.S. Futures Fall, Europe Stocks Erase Gains on Trichet Comment; Yen Rises - Bloomberg

U.S. stocks lower on worse-than-expected corporate earnings

People Daily (Free subscription) | yesterday

Wall Street declined on Friday after technology giant Dell and homebuilder D.R. Horton Inc. posted disappointing earnings. Technology stocks led the downward slide, after Dell reported a54-percent drop in net income and a 15-percent decline in revenue in its latest quarter, much worse than anticipated. Shares of Dell tumbled nearly 10 percent, or 1.58 U.S. dollars, to 14.29 dollars. Stocks also slipped...

Trichet warns banks on risk of addiction to cheap cash

Independent.ie - European RSS Feed (Free subscription) | yesterday

Banks risk becoming addicted to cheap central bank cash used to fight the financial crisis and must prepare for its eventual withdrawal, the head of the European Central Bank (ECB) warned at a Frankfurt banking conference yesterday.