The European Banking Authority (EBA) report on remuneration practices published today shows that the number of high earners in EU banks increased significantly in 2014, while the average ratio between the variable and fixed remuneration dropped significantly for high earners, as well as for all other identified staff. The report, which is part of [...]
Investors have very short memories when central banks offer comfort. Junior bank debt has rallied sharply since Mario Draghi, European Central Bank president, lent his support last week. UBS this week sold the first so-called additional tier 1 capital bonds since mid-January, attracting bids for more than five-times the size of the deal. The [...]
New rules to make bankers more accountable already seem to be giving some of them nightmares. City of London bosses warn they may be so “terrified” of the latest regime that they will hesitate to make decisions, eschew risk-taking and struggle to hire directors. Executives speaking at the Financial Times banking standards conference in [...]
For investors, one question dwarfs all the others this week: How low can you go? The European Central Bank is expected on Thursday to push a key interest rate even further into negative territory, a move that is at once widely anticipated by markets and viewed with trepidation. Analysts and investors say the ECB’s [...]
One week before a long-awaited stimulus decision, European Central Bank officials are privately deliberating over how to enhance their monetary policy stance without maiming its transmission. Committees studying how to mitigate the impact on banks have prepared potential measures that range from variations on a tiered deposit rate to techniques for countering the impact [...]
Eurozone consumer prices were lower in February than a year earlier, a setback for the European Central Bank in its lengthening struggle to prevent the currency bloc’s slide into chronic deflation. The ECB’s governing council is set to meet on March 9 and 10 to decide whether to boost its stimulus programs, amid signs [...]
The European Central Bank is on course for more aggressive monetary easing to boost flagging growth and weak inflation, amid fresh warnings about the outlook for the global economy.Mario Draghi, the ECB president, has won wide support for further policy action next month, acording to minutes of the bank’s January policy meeting, released on [...]
Is the end nearing for the 500-euro note, beloved of gangsters, money launderers and tax evaders? The likelihood that the valuable bill could soon be struck out of the euro family may be rising after Benoît Coeuré, a member of the European Central Bank’s executive board, told French daily Le Parisien that arguments for [...]
The European Central Bank will not surrender to low inflation, Mario Draghi vowed, reinforcing his case for ECB action next month to counter deteriorating global conditions. The ECB president made his remarks in the regional offices of Germany’s Bundesbank, which has fiercely opposed Mr Draghi’s desire to expand a bond buying programme as a [...]
FRANKFURT—European Central Bank President Mario Draghi over the past week has repeatedly talked up the prospects of additional stimulus for the eurozone, doubling down on his unexpected pledge to review the bank’s €1.5 trillion ($1.63 trillion) stimulus program in March. Potentially complicating his efforts: The members of the ECB’s governing council aren’t as united [...]