European Central Bank

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ECB to keep monetary policy loose for as long as needed

ORLEANS, France (Reuters) - The European Central Bank will keep its loose and growth-supportive monetary policy stance in place for "quite a long time", ECB executive board members said on Friday.

ECB eyes supervisor role to squeeze weak banks

BRUSSELS (Reuters) - The European Central Bank could use its new supervisory role from next year to single out weak banks and make it harder for them to get its financial support, people familiar with the matter say.

Bloomberg hit by new scandal as trading emails are shared online

Financial information giant scrambles to restore reputation as error follows revelation of reporters' access to terminals

A second apology in as many days from Bloomberg News failed to quell the storm around the financial news firm on Wednesday after the Bank of England sa

Divisions hamper Europe's plans to tackle failing banks

BRUSSELS (Reuters) - The European Central Bank clashed with Germany on Tuesday over how quickly the euro zone should complete a system to deal with failing banks.

Bloomberg editor in chief: reporters' access to client data 'inexcusable'

As scandal deepens, Matthew Winkler writes op-ed apologising for use of terminals to access data 'considered proprietary'

The editor in chief of Bloomberg News has said it was "inexcusable" that reporters working for the financial information company's news division were allowed to access r

ECB contacts Bloomberg over 'spying' claims

The European Central Bank is in talks with Bloomberg after the financial data and news company allowed journalists to see some internal customer information about terminal usage.

ECB says in contact with Bloomberg over confidentiality

FRANKFURT (Reuters) - The European Central Bank said on Monday it was in touch with Bloomberg LP after the financial data and news company had allowed journalists to see some information about terminal usage.

German finance minister against idea of ECB buying ABS: magazine

BERLIN (Reuters) - Germany's finance minister has signaled his opposition to any move by the European Central Bank to buy asset-backed securities to help indebted states, telling his party it would amount to "covert state financing", according to German magazine Spiegel.

ECB's Draghi says no call for G7 central banks to do more

AYLESBURY, England (Reuters) - Major central banks did not face calls to do more to boost the world economy when Group of Seven finance officials met on Saturday, European Central Bank President Mario Draghi said.

ECB says has tools left to act if needed

AACHEN, Germany/BRUSSELS (Reuters) - The European Central Bank still has room to maneuver should the euro zone economy continue to worsen after it cut interest rates to a new record low last week, ECB policymakers said on Wednesday.