Category: European Central Bank

PacWest’s Plunge Reignites Fears About America’s Regional Banks

The regional lender said it is weighing its options, after its shares fell despite assertions by the Federal Reserve that the recent bank crisis is contained.
Eurozone Prices Rose in April, as Central Bank Seeks to Tame Inflation

The annual rate of inflation reached 7 percent, but the underlying “core” rate eased for the first time in 10 months.
JPMorgan Chase Emerges as Buyer for First Republic Bank

The lending giant’s shares jumped on the news that it is buying First Republic. But investors are watching to see if the deal ends the regional banking crisis.
The Eurozone Economy Shows Signs of Modest Growth

The countries that use the euro recorded economic expansion of 0.1 percent in the first quarter, a slight improvement over the previous quarter’s flat output.
Are Big Profits Keeping Prices High? Some Central Bankers Are Concerned

The New York Times – Business:
Companies’ rising profit margins could be contributing to persistent inflation, a European Central Bank policymaker says.
Eurozone Inflation Falls to 6.9%, as Energy Prices Ease

The New York Times – Business:
The rate of inflation in countries using the euro slipped to 6.9 percent in the year through March, from 8.5 percent the previous month, but underlying price gains edged higher.
As Banking Worries Swirl, Europe’s Policymakers Express Confidence, With Caution

The New York Times – Business:
Officials say eurozone lenders are strictly supervised and continue to be strong. But at a recent conference, wariness about the future remained.
Fed Meets as Bank Chaos Collides With Inflation

The New York Times – Business:
The Federal Reserve will decide whether and by how much to raise interest rates this week at a moment when its path ahead is newly fraught.
Markets Worry First Republic and Other Banks Remain Under Pressure

The New York Times – Business:
The nation’s top lenders banded together to rescue First Republic Bank. But markets worry that regional institutions remain under pressure.
Credit Suisse Shares Jump As Banking Backstops Go Global

The New York Times – Business:
Bank stocks recovered after Credit Suisse secured a $54 billion lifeline from Switzerland’s central bank.
First Republic and Others Under Pressure After SVB’s Collapse

The New York Times – Business:
Shares in regional lenders were under pressure, even after regulators unveiled a vast backstop for U.S. banks after Silicon Valley Bank’s collapse
Biden Is Expected to Veto an Anti-E.S.G. Resolution From Congress

The New York Times – Business:
President Biden is expected to use his first veto to protect environmental, social and corporate governance investment considerations in retirement plans.