Euro zone enters recession after Germany, Ireland growth revision
The German economy entered a recession in the first quarter. Bloomberg | Bloomberg | Getty Images The euro zone entered a recession in the first quarter of this year, and…
Goldman Sachs Fined $7.2 Million For Misreporting Capital Needs
Goldman Sachs “misclassified corporate exposures”. (Representational) Germany: The European Central Bank (ECB) has fined US financial giant Goldman Sachs 6.63 million euros ($7.2 million) for misreporting its capital needs, it…
European Central Bank rate decision May 2023 after inflation figures
Christine Lagarde, President of the European Central Bank (ECB), announced a new rate decision Thursday following new inflation data. Caisa Rasmussen | Afp | Getty Images The European Central Bank…
Inflation euro zone April 2023 ahead of ECB rate decision
Detail of a fish and seafood stall at the Central Market of Valencia, Spain. Europa Press News | Europa Press | Getty Images The headline inflation rate in the euro…
IMF warns of ‘disorderly’ house price corrections in Europe amid high rates
A pedestrian inspects advertisements for residential properties for sale in Stockholm, Sweden. Bloomberg | Bloomberg | Getty Images STOCKHOLM, Sweden — The International Monetary Fund warned Friday of “disorderly” house…
Goldman Sachs changes call on European Central Bank rate hikes
Christine Lagarde, president of the European Central Bank (ECB). Bloomberg | Bloomberg | Getty Images Goldman Sachs changed its expectations for European Central Bank policy, arguing that recent data, comments…
Europe’s leaders battle banking crisis amid market rout
Germany’s Chancellor Olaf Scholz said Deutsche Bank is profitable after shares dipped more than 10% during European trading. Ludovic Marin | Afp | Getty Images BRUSSELS — European leaders on…
Euro pushes higher as ECB chief Lagarde says inflation is still too high
European Central Bank (ECB) President Christine Lagarde announces a new monetary policy decision. Frederick Florin | Afp | Getty Images The euro traded higher against the U.S. dollar Wednesday, following…
Lagarde announces new 50bps hike
Christine Lagarde, president of the European Central Bank (ECB), pauses during a rates decision news conference in Frankfurt, Germany, on Thursday, March 16, 2022. Alex Kraus | Bloomberg | Getty…
Credit Suisse Shares Soar Over 30% After Bank Secures Financial Lifeline
Credit Suisse announced it would borrow up to $53.7 billion from the Swiss central bank. (File) London: European stock markets rebounded slightly Thursday after troubled banking giant Credit Suisse secured…