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Central Banks

Weak pay suggests UK can grow without pushing up inflation - BoE's Ramsden

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LONDON Brexit uncertainty may have made British workers more cautious about their pay demands, which suggests that the economy has more room to grow without pushing up inflation, a top Bank of England official said on Monday.

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No EU deposit insurance if bad loans not cut - ECB's Draghi 4:30pm GMT

FRANKFURT There cannot be a common European insurance scheme for bank deposits if the level of unpaid loans is not reduced, the president of the European Central Bank said on Monday.

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UK expands lending stimulus plan as banks eye deadline 4:27pm GMT

LONDON The Bank of England will further increase the size of a cheap credit scheme after banks and other lenders sought to make greater use of it before a deadline at the end of February 2018.

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Brexit and the City - View from the dining room 12:11pm GMT

LONDON In a former bank building just across from the Bank of England in the City of London, the glass-domed 1 Lombard Street restaurant offers a taste of the financial district's mood. | Video

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Cheap ECB cash still key for euro zone economy - Draghi 17 Nov 2017

FRANKFURT The euro zone economy remains dependent on cheap credit and the European Central Bank is using the extension of its massive bond buys to push out any expectation for a rise in borrowing costs, ECB President Mario Draghi said on Friday. | Video

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Europe's bad debt pile impedes joint deposit insurance - ECB's Weidmann 17 Nov 2017

FRANKFURT European Central Bank rate-setter Jens Weidmann defended a plan to force banks to build more provisions on non-performing loans, saying the high level of such loans was impeding the creation of a bloc-wide deposit insurance scheme.

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China sets sweeping new rules to regulate 102 trillion yuan asset management products 17 Nov 2017

BEIJING China's central bank on Friday issued sweeping guidelines to tighten rules on asset management business, the latest step by Beijing to fend off systemic risks in the country's rampantly growing shadow banking sector.

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Italy's Carige struggling with cash call as ECB deadline looms 16 Nov 2017

MILAN Italy's Banca Carige said on Thursday it had failed to secure underwriters for a 560-million-euro (499.83 million pounds) share issue, which is a key European Central Bank demand for the lender to safeguard its future.

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Libyans swap jewellery for medical treatment as crisis bites 16 Nov 2017

TRIPOLI In a square behind Libya's central bank, black market dealers, some of them armed, carry small plastic bags filled with dollars and larger ones with dinars in and out of one of many informal exchanges. | Video

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ECB's Villeroy - Strengthen European bank rescue fund 16 Nov 2017

AMSTERDAM Euro zone countries need to strengthen their fund aimed at preventing state bail-outs of failing banks, the head of the French central bank said on Thursday.