The European Central Bank (ECB) is today publishing its 13th report on the results of the “Survey on the Access to Finance of Enterprises”. The report provides evidence on changes in the financial situation, financing needs and access to financing of small and medium-sized enterprises (SMEs) in the euro area in the six months [...]
The head of the European Central Bank underlined on Thursday the bank's readiness to extend money printing, warning that a key measure of economic health -- price inflation -- was flagging. In remarks to European Union lawmakers, Mario Draghi also defended private meetings between policy setters and banks and hedge funds, such as executive [...]
The European Central Bank (ECB) said on Wednesday it would temporarily pause its massive bond-buying program between December 22 and January 1, resuming the purchases on January 4. The move is "in anticipation of lower market liquidity during this period and in order to reduce possible market distortions". Carlos Fuchs | CNBC The bank, [...]
European banks are sitting on bad debts of €1tn – the equivalent to the GDP of Spain – which is holding back their profitability and ability to lend to high street customers and businesses. According to a detailed analysis of 105 banks across 21 countries in the European Union conducted by the European Banking Authority (EBA), [...]
Mr Cœuré reviewed recent financial market developments. Since the Governing Council’s previous monetary policy meeting on 2-3 September 2015, the main event for market participants had been a postponement of the expected first rate hike in the United States, following the last Federal Open Market Committee (FOMC) meeting on 16-17 September. This had reverberated [...]
Computime, one of Malta’s leading and longest established IT companies, has undergone a corporate reorganisation aimed at driving growth and consolidating governance. The company has also appointed Tony Mahoney, an ex-banker with HSBC, as its non-executive chairman. Two distinct business divisions, Computime Technology and Computime Software, have been set up as part of the [...]
Mario Draghi said the European Central Bank’s quantitative-easing program is working better than expected, even though the institution will take longer than intended to reach its inflation goal. "We are satisfied with QE, as it has met and even surpassed our initial expectations," the ECB president said in an interview with Greece’s Kathimerini published on [...]
Prime Minister Alexis Tsipras insisted on Sunday that his government will conduct the necessary reforms to make Greece more attractive to investors. Speaking at the Clinton Global Initiative’s annual meeting in New York, Tsipras told former US President Bill Clinton he believes he can deliver the changes that would make Greece a more attractive [...]
Volkswagen AG faces higher financing costs and a strain on its ability to offer loans to boost sales amid an unfolding emissions scandal, which is rippling through all aspects of the auto maker’s business. Volkswagen disclosed last week as many as 11 million diesel cars contained software that U.S. authorities say allowed the company to dodge [...]
The European Central Bank (ECB) has published new statistics on loans by euro area banks to give a more comprehensive view of lending and improve comparability between member states with different practices The new method takes into account stocks and repayments of loans that have been derecognised and removed from balance sheets, the ECB said. [...]