Latest European Central Bank News

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, May 6, 2020. Asian stock markets were mixed Wednesday as hopes for a global economic recovery rose after more governments eased anti-virus controls. (AP Photo/Ahn Young-joon)

Asian stocks mixed after Wall Street gains on recovery hopes

May. 5, 2020 11:46 PM EDT

Asian stock markets were mixed Wednesday as hopes for a global economic recovery rose after more governments eased anti-virus controls. Benchmarks in Shanghai and Sydney declined while Hong Kong, Seoul and Southeast Asia followed Wall Street higher. Japanese markets were closed for a holiday. Investors are...

A man walks by the Euro sculpture in front of the old the European Central Bank in Frankfurt, Germany, Tuesday, May 5, 2020. Germany's Constitutional Court has ruled that the country's central bank must stop participating in a key European Central Bank stimulus program but gave the ECB time to demonstrate that the stimulus program is needed and appropriate. (AP Photo/Michael Probst)

German court asks ECB to justify key stimulus program

May. 5, 2020 2:31 PM EDT

FRANKFURT, Germany (AP) — Germany's highest court cast doubt on key eurozone stimulus efforts by giving the European Central Bank three months to prove that its key bond-buying program is justified and appropriate. If it doesn't make that showing, the court ruled, Germany's own national central bank can...

In this Wednesday, April 29, 2020 photo a man walks in front of the European Central Bank in Frankfurt, Germany. The European economy shrank by 3.8% in the first quarter, the most since records began, as business activity was frozen by shutdowns aimed at preventing the spread of the coronavirus. It was the biggest drop since statistics started in 1995 and bigger than the plunge in the midst of the global financial crisis in the first quarter of 2009 after the bankruptcy of U.S. investment bank Lehman Brothers. (AP Photo/Michael Probst)

With European economy in record drop, central bank gives aid

Apr. 30, 2020 9:58 AM EDT

FRANKFURT, Germany (AP) — The European Central Bank is stepping up its efforts to cushion the economy against a record downturn that the bank's president, Christine Lagarde, said was “of a magnitude and speed that are unprecedented in peacetime.” The monetary authority for the 19 countries...

European Central Bank cuts rate on cheap loans to banks, offers new credit to banks to cushion economy against outbreak

Apr. 30, 2020 7:50 AM EDT
FRANKFURT, Germany (AP) — European Central Bank cuts rate on cheap loans to banks, offers new credit to banks to cushion economy against outbreak.
The buildings of the banking district are reflected in the river Main in Frankfurt, Germany, Saturday, April 25, 2020. Due to the coronavirus the economy worldwide expects heavy losses. (AP Photo/Michael Probst)

Deutsche Bank net profit falls due to pandemic

Apr. 27, 2020 8:29 AM EDT

FRANKFURT, Germany (AP) — Deutsche Bank has reported that its net income fell to 66 million euros ($72 million) in the first quarter as the pandemic hurt its business. The bank said it was letting its financial buffers fall so it can maintain lending to clients but said the easing was temporary and modest....

A nearly full moon sets over the buildings of the banking district and the European Central Bank, right, in Frankfurt, Germany, early Tuesday, April 7, 2020. Due to the coronavirus the economy worldwide expects heavy losses. (AP Photo/Michael Probst)

ECB takes action to keep banks lending during virus crisis

Apr. 7, 2020 1:49 PM EDT

FRANKFURT, Germany (AP) — The European Central Bank took more emergency action Tuesday to keep credit flowing to companies in the 19 countries that use the euro by easing its rules for lending to banks that serve those businesses. The action comes amid widespread efforts by central banks such as the ECB...

European Council President Charles Michel speaks during a media conference after an EU summit by video conference in Brussels, Thursday, March 26, 2020. Following the informal video conference, members of the European Council adopted a statement on the EU actions in response to the COVID-19 outbreak. The new coronavirus causes mild or moderate symptoms for most people, but for some, especially older adults and people with existing health problems, it can cause more severe illness or death. (Francois Walschaerts, Pool Photo via AP)

EU leaders order up recovery plan for after coronavirus

Mar. 26, 2020 7:06 PM EDT

BRUSSELS (AP) — European Union national leaders told the bloc’s finance ministers Thursday to draw up new measures to tackle the devastating economic impact of the coronavirus pandemic after failing to bridge major differences over how best to share the debt burden. During six hours of talks by...