UK taking legal action against European Central Bank
The UK government is taking legal action against the European Central Bank (ECB) over a planned change to European banking rules that could harm the City of London.The ECB’s plans would require clearing houses that handle more than 5% of the market in a euro-denominated financial product to be based in the eurozone. The Treasury [...]
September 23, 2011
Tags: bank lending, bankers, banks, ECB, euro, eurozone Posted in: Bankers, Banks, Finance, Financial Services, Loans Calculators, Sovereign Debt, Uncategorized 
No Comments
Desperate ECB shoots messenger over Greek debts
In a desperate attempt to preserve German and French banks’ from having to write off huge Greek debts at eu taxpayers’ expense the ECB has announced that they will disregard credit ratings default analysis.Plans to allow Greece to defer the repayment of its debt have been dealt a blow after Standard & Poor’s said the [...]
July 5, 2011
Tags: bank lending, Bankrupcy, banks, Credit Crunch, ECB, euro, refinancing rates, sovereign debt Posted in: Bankers, Bankrupcy, Banks, Borrowing Costs, Credit Crunch, Debt Management, Lenders, Loans Calculators, Sovereign Debt, Uncategorized No Comments
Eurozone interest rates raised to 1.25% by ECB
Eurozone interest rates have been raised to 1.25% from the record low of 1% by the European Central Bank (ECB). Interest rates had been held at 1% for just under two years following the financial crisis and global recession. ECB president Jean-Claude Trichet said that the rate rise was in response to the risk of [...]
April 18, 2011
Tags: borrowing, ECB, euro, finances, Interest Rates, sovereign debt Posted in: Borrowing Costs, Credit Crunch, Interest Rates, Loans Calculators, Sovereign Debt, Uncategorized No Comments
Euro debts worries increase cost of borrowing to PIGS
The cost of borrowing for Spain, Italy and Belgium increased as worries over the eurozone debt crisis has increased. The difference between the yield on German government bonds – considered the safest – and yields for those three countries has reached the highest in the euro’s 12-year history. Late on Tuesday ratings agency Standard & [...]
December 3, 2010
Tags: Credit Crunch, ECB, euro, finances, Loan calculator, PIGS, sovereign debt, sub prime loans Posted in: Borrowing Costs, Interest Rates, Lenders, Uncategorized 3 Comments
Eurozone interest rate held at 1%
The European Central Bank (ECB) has kept loans interest rates in the eurozone on hold at a record low 1% for the 18th month in a row. Earlier the Bank of England also kept the UK interest rates at 0.5%. On Wednesday, the US Federal Reserve announced that it would pump a further £373bn into [...]
November 8, 2010
Tags: Bank of England, ECB, Interest Rates, loans rates Posted in: Uncategorized One Comment
Eurozone interest rates still held at 1%
The European Central Bank (ECB) has kept interest rates on hold at 1% as was widely expected.It is the 17th consecutive month the rate has stayed at the record low, amid concerns over the economic outlook. Earlier, the International Monetary Fund warned that the eurozone would see only moderate growth this year and next. There [...]
October 14, 2010
Tags: Bank of Japan, ECB, eurozone, IMF, Interest Rates Posted in: Uncategorized One Comment
Greece PM rules out restructuring of national debt- again
The Greek Prime Minister George Papandreou has said restructuring the nation’s debt would be “catastrophic” for the country’s credibility and its economy. If debt repayments were suspended, he said Greece “would head towards a potential and probable collapse of the banking system”. That, he said, could lead to the loss of Greek families’ property, which [...]
September 16, 2010
Tags: ECB, euro, Greece, sovereign debt Posted in: Uncategorized No Comments
Eurozone interest rates kept on hold by ECB
The European Central Bank (ECB) has kept eurozone interest rates on hold at 1%, as had been expected. It is the 15th month running that rates have stayed at this record low, as the ECB continues to seek to help economies recover from last year’s recession. ECB president Jean-Claude Trichet said that while the eurozone [...]
August 9, 2010
Tags: Bank of England, ECB, euro, Interest Rates, UK loans rates Posted in: Uncategorized One Comment
European bank stress test results awaited
The viability of Europe’s banks will come under scrutiny again today, when the results of EU-wide bank stress tests are published. Results for a total of 91 banks across Europe will be made public this afternoon, in a move designed to reassure investors over the health of Europe’s financial sectors. The tests assess whether banks [...]
July 23, 2010
Tags: banks, borrowing, ECB, euro, sovereign debt Posted in: Uncategorized No Comments
Euro loans and mortgages interest rates kept at 1% by ECB
The European Central Bank (ECB) has held eurozone loans and mortgage interest rates at a record low of 1% for the 10th month running, as expected.Interest rates are at their lowest in the ECB’s 10-year history. It comes a day after EU finance ministers met to discuss cuts in budget deficits across the continent. Most [...]
June 14, 2010
Tags: Bank of England, ECB, Interest Rates Posted in: Uncategorized One Comment
