Central Banks European Central Bank


  • Societe General Stirs Markets Thursday, 11 Aug 2011 | 7:02 AM ET
    Societe General Stirs Markets

    CNBC's Ross Westgate has the story on the concerns surrounding SocGen's stock as well as other European banks.

  • Sarkozy Gives Ministers One Week Debt Deadline Thursday, 11 Aug 2011 | 12:48 AM ET

    Nicolas Sarkozy, the French president, has given his finance and budget ministers one week to come up with new measures to cut France's crippling debt burden as concerns mount over prospects for growth and the country's ability to meet its deficit reduction targets. reported the FT.

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    The past week's market drops and swings are dizzying. Everyday people are commenting that it is scarier than 2008. Now, that probably isn't true because no one is anticipating the inability to take money out of ATMs or the commercial paper market shutting down. Yet, there is something unnerving about the market declines, the uncertainty surrounding the economy and the lack of confidence in political leaders.

  • Look Out Down Under Wednesday, 10 Aug 2011 | 3:04 PM ET

    The Australian dollar has had quite a run. Is it over?

  • Pound Slips, Swiss Franc Can't Stay Down Wednesday, 10 Aug 2011 | 7:56 AM ET

    The Bank of England is gloomy and the Swiss franc can't stop rising - it's your daily FX Fix.

  • Bank of England Revises UK Growth Down to 1.4% Wednesday, 10 Aug 2011 | 7:29 AM ET

    The Bank of England (BoE) cut its 2011 GDP growth forecast for the UK for the seventh time since the end of the recession on Wednesday as more weak economic figures suggested the economy was struggling to maintain momentum.

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    The German banking sector should be able to withstand stresses resulting from exposure to peripheral Europe, with the possible exception of Commerzbank, which has a high level of PIIGS exposure, according to Michael Rohr, head of financials at Silvia Quandt Research.

  • Rouble Poses Worrying Parallels for Euro Crisis Wednesday, 10 Aug 2011 | 12:27 AM ET

    By intervening in the eurozone’s bond markets, the ECB has become a lender of last resort. In a world characterised by growing financial panic, that has to be good news, HSBC's Stephen King writes in the FT.

  • You could get motion sickness watching the U.S. markets these days. But the real sick man is Europe.

  • Safe Havens Soar, Downdraft Down Under Tuesday, 9 Aug 2011 | 7:58 AM ET

    The Swiss franc and yen are flying high as investors bail out of riskier currencies — it's time for your Tuesday FX Fix.

  • How to Trade the Next Rating Cuts Monday, 8 Aug 2011 | 2:10 PM ET
    Businessman with crystal ball

    Now that Standard & Poor's has done the unthinkable, you need to know who might take the next ratings hit. Here's the list, and how to trade it.

  • ECB Steps In: Is it Enough? Monday, 8 Aug 2011 | 1:18 PM ET
    ECB Steps In: Is it Enough?

    Discussing the choppy day in European markets despite intervention from the ECB, with Peter Westaway, Nomura chief European economist, and CNBC's Michelle Caruso-Cabrera.

  • European Central Bank

    The European Central Bank's bailout, estimated to be about 2 billion euros in Italian and Spanish debt, will cost France and maybe even Germany their triple-A ratings, Kyle Bass, managing partner of Hayman Capital, told CNBC Monday.

  • ECB Buying Bonds Monday, 8 Aug 2011 | 12:45 PM ET
    ECB Buying Bonds

    CNBC's Michelle Caruso-Cabrera reports on the ECB buying Italian and Spanish bonds in an effort to reassure the markets, and a play on global currencies, with Andy Busch, BMO Capital Markets.

  • Fixing Italy's Pain Drives a Cabbie to Despair Monday, 8 Aug 2011 | 11:55 AM ET
    Piazza Venezia, Rome, Italy

    While austerity measures — cuts in social benefits such as pensions and health care — are unpopular with the citizens of Europe, they haven’t seen anything yet.

  • ECB Action Not Bold Enough: Jim Cramer Monday, 8 Aug 2011 | 11:17 AM ET
    European Central Bank

    The European Central Bank decided it had to act over the weekend, but they could have taken bolder action by making a "drastic cut in interest rates" because they have a couple trillion euros as a backstop, Cramer said Monday.

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    In the U.S., is it the fall of the Roman Empire or will our anemic growth pick up steam and help us out of the economic doldrums? Here are five questions to ask.

  • European Intervention Buoys Italy and Spain Monday, 8 Aug 2011 | 10:15 AM ET
    Euro bills

    The interest rates on Spanish and Italian bonds plummeted Monday after the European Central Bank expanded its purchases of government debt to support Madrid and Rome for the first time, the New York Times reports.

  • Cramer Sounds Off on Trichet Monday, 8 Aug 2011 | 8:45 AM ET
    Cramer Sounds Off on Trichet

    CNBC's Jim Cramer says ECB's president may be a "moron and a buffoon," and is not demonstrating leadership.

  • UK off 'Front Line' of Economies in Danger: Gieve Monday, 8 Aug 2011 | 8:26 AM ET
    Big Ben

    The UK, with its high level of public debt, low growth, closeness to the US and reliance on financial services, was once viewed as one of the European economies most in danger of a double-dip recession.