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...“The problem is who will be willing to break some eggs, that’s the issue. Everybody has an interest in maintaining the status quo. It will be costly to change it.”...
...Hawkish policymakers at the European Central Bank have been emboldened to resist calls for an imminent cut to interest rates at their meeting this week after inflation proved stickier than expected in February...
...Mark Brown, general secretary of the independent BTU union, said Lloyds seemed to be “throwing the baby out with the bathwater” just as the lender was under scrutiny as part of an industry-wide probe into...
...The group points to the decline in the region’s share of global capital markets activity in Europe, from 18 to 10 per cent, since 2008. But the US had shed a similar chunk of share in that time....
...Eurozone banks reported a “substantial” drop in loan demand from companies, prompting calls for the European Central Bank to signal it will cut interest rates soon when it meets this week....
...Central banks around the world are expected to lower borrowing costs as global inflation eases from the multi-decade highs reached in many countries over the past two years....
...focused on letting banks borrow as much as they need through regular short-term financing operations....
...Italy’s new central bank chief has said the time for cutting interest rates is “fast approaching” and dismissed fears of a fresh inflationary spiral, in the latest sign that pressure is mounting to loosen...
...Bank lending to the private sector in the eurozone has fallen for the first time in five months, signalling continued weakness for the region’s economy as record high interest rates continue to restrict...
...The European Central Bank sent a strong signal that it would consider cutting interest rates at its next meeting in June after holding them at all-time highs on Thursday....
...Leaders must also take ownership of the project, which needs as much political commitment as creating the single market did in the 1980s....
...interest rate policy as early as March....
...One particular area for concern is exactly the issue that tripped up US regional banks: in the higher-interest-rate environment, large volumes of hidden losses accumulated on long-dated bonds....
...“Protectionism is going to be damaging globally and a subsidy race is not in Europe’s interest.” The EU has not proposed a similar scheme to the IRA in the US....
...Tactically, though, the new head might want to save the good news for nearer that time. What weighs down NatWest, as with most banks in the region, is the steady inflation of risk-weighted assets....
...Eurozone inflation fell to 2.4 per cent in March, lower than forecast, bolstering expectations that the European Central Bank will cut interest rates by the summer....
...Hungary has been bogged down in disputes with international partners such as the EU and other Nato members while tensions have grown between the government and central bank....
...The Swiss National Bank announced a surprise cut to interest rates on Thursday in a sign of policymakers’ confidence over falling inflation....
...More integrated capital markets will benefit all in the long run. The next European Commission will need to look at more difficult ideas such as auto-enrolling workers in a private pension....
...And as loan quality deteriorated, it remained in the interests of the planters, the state, the investors in Europe to keep the bank open, hoping it might work out....
...The European Union’s Mortgage Credit Directive formalised the EU’s position that borrowers should have the right to convert loans to the currency in which the borrower receives their income, or that there...
...Ermotti has re-emerged as a leading spokesman for European banks since returning to UBS in the wake of its rescue of former rival Credit Suisse in the most significant merger in the sector since the financial...
...The “effective” interest rate — the actual interest rate paid — on newly drawn mortgages fell 0.29 percentage points to 4.9 per cent in February, according to the central bank....
...Prices peaked in the third quarter of 2022, shortly after the European Central Bank started raising interest rates in response to the biggest inflation surge for a generation....
...European stocks held steady on Monday as traders await a busy week of central bank policy meetings. The region-wide Stoxx Europe 600 fell 0.1 per cent, as did France’s Cac 40....
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