B.R.U.

EU set to release billions in funds for Hungary - sources

EU set to release billions in funds for Hungary – sources

Funds worth 10% of Hungary’s 2022 GDP estimate at stake Orban seeks EU deal as Hungarian economy struggles Funds frozen due to democratic deficits in Hungary The EU executive is expected to take its next decision on November 29 BRUSSELS, Nov 17 (Reuters) – The European Union executive is on track to release billions of …

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EU eases bank capital rules as ECB warns of 'breaking' stability

EU eases bank capital rules as ECB warns of ‘breaking’ stability

LONDON, Nov 8 (Reuters) – European Union member states have backed a temporary easing and two-year postponement until 2025 for the final stage of the global Basel III rules on bank capital, despite the warning from the ECB, they risked “breaking the dike” that protects stability. EU states will now negotiate a final deal with …

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EU could breach global banking rules, regulators warn

EU could breach global banking rules, regulators warn

Regulators warn of weakening ‘minimum safety net’ EU states and lawmakers expected to approve looser rules Britain and the United States have yet to submit proposals Banks say tougher capital rules could hamper lending FRANKFURT/LONDON, Nov 4 (Reuters) – The European Union could breach international banking standards designed to prevent a repeat of the global …

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The ECB will raise interest rates, which should reduce bank subsidies

The ECB will raise interest rates, which should reduce bank subsidies

75 basis point rate hike almost certain ECB to discuss changing 3-year bank loan terms Reducing bond holdings is also on the agenda Decision at 12:15 GMT, press conference at 12:45 GMT FRANKFURT, Oct 27 (Reuters) – The European Central Bank will raise interest rates again on Thursday and is likely to provide a key …

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EU offers to match UK move to boost trade in 'dark' stocks, documents show

EU offers to match UK move to boost trade in ‘dark’ stocks, documents show

LONDON, Oct 21 (Reuters) – A curb on “dark” or off-exchange trading in shares in the European Union should be removed altogether to better compete with Britain, EU documents seen by Reuters showed on Friday. The documents set out the latest compromises between EU states on reforming the bloc’s “MiFID” securities law to catch up …

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EU to give Kyiv 18 billion euros next year to help run Ukraine

EU to give Kyiv 18 billion euros next year to help run Ukraine

EU offers 1.5 billion euros per month to lead Ukraine in 2023 Berlin to host October 25 conference for long-term reconstruction EU divided over more Russia sanctions, asset seizure and war tribunal BRUSSELS, Oct 21 (Reuters) – The European Union will pay Kyiv 1.5 billion euros a month in 2023 to help lead Ukraine in …

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ECB close to rule change to cut bank profits, sources say

ECB close to rule change to cut bank profits, sources say

WASHINGTON, Oct 12 (Reuters) – European Central Bank policymakers reach a deal to change rules governing trillions of euros in bank lending that will cut tens of billions of euros in bank profits potentials, said sources close to said the discussion. Eurozone banks are sitting on 2.1 trillion euros ($2.04 trillion) in cash doled out …

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