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ECB begins major cash clean-up as banks repay 296 billion euros in loans

ECB begins major cash clean-up as banks repay 296 billion euros in loans

Reimbursement much lower than expected The key money market rate drops after the announcement Moving seen as a first step towards the unwinding of obligations FRANKFURT, Nov 18 (Reuters) – Eurozone banks are expected to repay nearly 300 billion euros ($310 billion) in loans to the European Central Bank next week, the ECB said on …

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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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