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European Central Bank

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  • What the Pros Say: Is Anywhere Safe? Wednesday, 8 Oct 2008 | 8:50 AM ET
    WALL STREET IN CRISIS - A CNBC SPECIAL REPORT

    Stock markets around the world continued to tumble. As investors bail out of stocks, where can investors look for more safety?

  • Dow Drops Below 9,700 as Bernanke Speaks Tuesday, 7 Oct 2008 | 3:03 PM ET

    Stocks declined after a brief uptick as Fed Chairman Ben Bernanke seemed unable to soothe this cranky market for more than five minutes.

  • Pop From Fed Move Fizzles, Banks Skid Tuesday, 7 Oct 2008 | 12:51 PM ET

    Stocks rose Tuesday after the U.S. Federal Reserve announced a major step to help support strained commercial-paper markets.

  • Stocks Rise After Fed Move to Grease Credit Tuesday, 7 Oct 2008 | 9:56 AM ET

    Stocks rose Tuesday after the U.S. Federal Reserve announced a major step to help support strained commercial-paper markets.

  • Futures Drop After Fed Auction Statement Tuesday, 7 Oct 2008 | 9:26 AM ET

    Futures declined Tuesday after the U.S. Federal Reserve announced its fourth-quarter term auction schedule, unnerving investors who anxiously await signs of some coordinated response by global central banks to unfreeze the credit markets.

  • What the Pros Say: Coordinated Cuts Coming Tuesday, 7 Oct 2008 | 8:40 AM ET
    WALL STREET IN CRISIS - A CNBC SPECIAL REPORT

    Australia's Central Bank stunned the markets by cutting interest rates by a full-point to 6 percent Tuesday, a reduction that was twice as big as economists predicted and the bank's biggest cut in 16 years.

  • EU Won't Manage Unified Banking Plan Tuesday, 7 Oct 2008 | 4:26 AM ET

    The European Union will not respond with a U.S.-style bailout package to the current crisis but it will probably decide to guarantee all private deposits in banks across its territory to boost citizens' confidence in financial institutions, analysts told CNBC on Tuesday.

  • Financial Contagion Spreads in Europe Monday, 6 Oct 2008 | 3:53 AM ET

    European nations scrambled on Sunday night to prevent a growing credit crisis from bringing down major banks and alarming savers as troubles in financial markets spread around the world, accelerating economic downturns on three continents, the New York Times reported.

  • Poll: Should Countries Guarantee Deposits? Monday, 6 Oct 2008 | 3:39 AM ET

    Countries across Europe are following the move by Ireland to guarantee all its bank deposits. Should governments guarantee deposits? Vote in our poll.

  • Greece Guarantees Deposits … Sort of Friday, 3 Oct 2008 | 8:45 AM ET

    Greece's banking system "is totally safe and reliable" despite the world financial turmoil and all bank deposits in the country are guaranteed, Finance Minister George Alogoskoufis said on Friday, according to the Associated Press.

  • Credit Freeze, Bailout Haggling Slam Stocks Thursday, 2 Oct 2008 | 5:22 PM ET

    Stocks declined Thursday as dismal reports on factory orders and jobless claims piled on to a market already on edge about a freeze in the credit markets and the bailout bill as it heads to the House. GE was the biggest drag on the Dow.

  • How Ireland Will Destroy the Euro Thursday, 2 Oct 2008 | 4:28 PM ET

    Ireland's decision to guarantee all bank deposits will contribute to the demise of the single European currency, because it will erode the euro's credibility if it's allowed to go ahead, Hugh Hendry, chief investment officer and Partner at Eclectica Fund, told CNBC on Thursday.

  • Stocks Fall as Congress Drags Its Feet Thursday, 2 Oct 2008 | 3:50 PM ET

    Stocks declined Thursday as dismal reports on factory orders and jobless claims piled on to a market already on edge about a freeze in the credit markets and the bailout bill as it heads to the House. GE was the biggest drag on the Dow.

  • Stocks Slide Amid Economic Jitters Thursday, 2 Oct 2008 | 2:46 PM ET

    Stocks declined Thursday as dismal reports on factory orders and jobless claims piled on to a market already on edge about a freeze in the credit markets and the bailout bill as it heads to the House. GE was the biggest drag on the Dow.

  • Drop in Factory Orders Pushes Stocks Lower Thursday, 2 Oct 2008 | 10:04 AM ET

    Stocks declined Thursday as dismal reports on factory orders and jobless claims piled on to a market already on edge about a freeze in the credit markets and the bailout bill as it heads to the House.

  • Euro Rates Stay on Hold; Trichet Softens Stance Thursday, 2 Oct 2008 | 10:01 AM ET

    The European Central Bank left interest rates unchanged as expected on Thursday despite the financial turmoil engulfing European banks and increased signs of weakness from the euro zone economy.

  • Jobless Rise Pushes Futures Lower Thursday, 2 Oct 2008 | 9:29 AM ET

    U.S. stock index futures pointed to a slightly mixed open for Wall Street, with investors cautious after the Senate approved a sweetened version of the $700 billion bailout package for banks.

  • Gov't Should Buy Banks to Avert Depression: Hendry Thursday, 2 Oct 2008 | 7:13 AM ET

    The U.S. government should take stakes in banks in order to recapitalize them rather than instituting a $700 billion bailout package, as the economy is one step away from depression, Hugh Hendry, chief investment officer and Partner at Eclectica Fund, told CNBC on Thursday.

  • Poll: What Can Help European Banks? Thursday, 2 Oct 2008 | 3:08 AM ET

    What action do you think, if any, will help prop up the European banking sector?

  • Bailout Would Only Prolong Crisis: Jim Rogers Wednesday, 1 Oct 2008 | 6:08 AM ET

    The $700 billion bailout package that Congress is scrambling to pass will only prolong economic woes, legendary investor Jim Rogers, CEO of Rogers Holdings, told CNBC on Wednesday.