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...
Europe’s new top bank regulator wants lenders to beef up plans for dealing emerging risks. “Many of the issues dominating today’s headlines were inconceivable a decade ago,” Claudia Buch said in her first speech as chair of the European Central Bank’s Supervisory Board Monday (Feb. 12), per a report...
Europe’s banks are reportedly set to have a much better year than their U.S. rivals. The KBW Bank Index, made up of the top 24 banks in America, is expected to return less than 1% this year, Bloomberg News reported Monday (Jan. 8) while Europe’s Stoxx...
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....
September 05, 2023
In Europe, the digital currency battleground is shaping up to be one where the central banks are on one side, and private issuers are on the other. And it may be the case that, as a result, stablecoins face the headwinds of adoption in fragmented landscape — adopted in some regions of the world, hobbled […]
May 03, 2023
Online business-to-business (B2B) marketplaces are fast growing in popularity, helping to accelerate digital payment innovation in the business space. According to a research study by McKinsey, global sales generated via...
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...
January 06, 2023
The way consumers shop and pay has been clearly digitized in recent years. There are dozens of reports and surveys that attest to this fact, including PYMNTS’ quarterly Connected Economy...
July 02, 2024
The Federal Reserve is investigating possible effects generative artificial intelligence (AI) may have on productivity, inflation and the labor market, Fed Chair Jerome Powell said Tuesday (July 2). Speaking during a panel discussion at the European Central Bank’s Forum on Central Banking in Portugal, Powell said that the massive investments being made in AI suggest […]
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...
February 12, 2024
Europe’s new top bank regulator wants lenders to beef up plans for dealing emerging risks. “Many of the issues dominating today’s headlines were inconceivable a decade ago,” Claudia Buch said in her...
January 08, 2024
Europe’s banks are reportedly set to have a much better year than their U.S. rivals. The KBW Bank Index, made up of the top 24 banks in America, is expected...
