The future of the digital euro could be decided next year. But as Bloomberg News reported Sunday (Aug. 18), many people in Europe’s largest economy have already made up their minds about the concept of a central bank digital currency (CBDC). According to that report,...
European Central Bank (ECB) governing council member Françoise Villeroy de Galhau reportedly said Wednesday (May 29) that mergers of banks in different European countries should be no harder than those between banks in the same country. Currently, banking markets in the region are drawn along...
The European Central Bank (ECB) Rulebook Development Group (RDG) has drafted the first chapters of a digital euro rulebook. This first draft follows the legislative proposal and the digital euro design decisions approved by the ECB’s governing council, the ECB said in a Wednesday (Jan....
European Central Bank President Christine Lagarde said the European Union (EU) needs a “European SEC” that will replace the region’s currently fragmented supervision with a more top-down approach like that of the United States Securities and Exchange Commission. This is necessary because the EU faces capital markets challenges on...
January 09, 2023
Eurozone inflation has dropped back into the single figures after two months of double-digit rates. The latest figures from the EU statistics agency Eurostat estimate that the annual inflation rate across the eurozone was 9.2% in December, down from 10.1% in November and 10.6% in October. The lower inflation follows a series of interest rate […]
May 21, 2020
The tipping point might be nigh for digital dollars and other central bank-issued currencies done through bits and bytes. As politicians across the globe grapple with the pandemic’s continued economic...
May 19, 2020
The COVID-19 pandemic has shaken both the United States and global economies, with 38.4 percent of small to mid-sized businesses (SMBs) reducing their payroll and experts warning that the pandemic...
September 23, 2024
Revolut’s chairman is reportedly part of a group aiming to purchase part of Banque Havilland. Martin Gilbert is among the investors in talks to buy the Monaco-based arm of the private bank, which recently lost its license because of concerns about its internal controls, Bloomberg News reported Monday (Sept. 23). Banque Havilland is in negotiations with Gilbert, the former chief […]
August 18, 2024
The future of the digital euro could be decided next year. But as Bloomberg News reported Sunday (Aug. 18), many people in Europe’s largest economy have already made up their...
May 29, 2024
European Central Bank (ECB) governing council member Françoise Villeroy de Galhau reportedly said Wednesday (May 29) that mergers of banks in different European countries should be no harder than those...
January 05, 2024
The European Central Bank (ECB) Rulebook Development Group (RDG) has drafted the first chapters of a digital euro rulebook. This first draft follows the legislative proposal and the digital euro...
