Search Results for: Bundesbank
NatWest Takes on with FinTech Firms by Launching Digital Lending Platform
February 20th, 2017
In a bid to respond to competition from FinTech firms U.K.-based NatWest Bank has announced that it is launching a digital lending platform that promises fast loan decisions to compete with services that peer-to-peer firms provide. In a report ...
Germany repatriating gold faster than planned as confidence in euro plunges
February 10th, 2017
Berlin is bringing home its gold reserves stored in New York, London and Paris faster than scheduled, Germany’s central bank said Thursday. The move is linked to surging euroskepticism, as new governments in France and Italy may ditch the ...
Euro Projected to Weaken against the Dollar
December 5th, 2016
For the Euro to move higher tapering the asset purchase programme must be mentioned at Thursday’s ECB meeting but also keep an eye out for the abolition of the ‘capital key.’ The Euro will probably weaken against the Dollar ...
What Blows Up First, Part 3: Really, Deutsche Bank?
September 28th, 2016
Calling Wall Street’s banks stupid and dangerous is like calling the sun “big and warm.” It’s a clear understatement of an obvious fact. The same goes for calling Japan and China economically clueless. Their actions pretty much guarantee that ...
Why the EU is doomed
September 16th, 2016
We are accustomed to looking at Europe’s woes in a purely financial context. This is a mistake, because it misses the real reasons why the EU will fail and not survive the next financial crisis. We normally survive financial ...
The top 10 countries with the largest gold holdings
May 26th, 2016
Beginning in 2010, central banks around the world turned from being net sellers of gold to net buyers of gold. Last year they collectively added 483 tonnes—the second largest annual total since the end of the gold standard—with Russia ...
Germany wants its gold back
March 22nd, 2016
The Bundesbank has announced plans to repatriate some of Germany’s gold reserves from abroad. At least half of the country’s gold would be transferred to Frankfurt by 2020, according to Bundesbank President Jens Weidmann. Weidmann says 366 tons of ...
Draghi Defines His Era With Stimulus Measures Locked Into Next Decade
March 11th, 2016
Lending program can lock in ultra-low rates until next decade ECB action provides rebuttal to doubts over central bank power Whether Mario Draghi’s latest barrage of stimulus works or not, the European Central Bank president made one thing clear on ...
Pimco’s $12 Billion Standoff Over Austria Bad Bank
February 17th, 2016
Filings show bond funds bought distressed debt in 2014 German banks have biggest incentive to take Hypo Alpe offer As the health of banks roils markets anew, the last financial crisis is still playing out in Austria, with Pacific Investment Management ...
ECB selects Colt and SIA for T2S
February 8th, 2016
EUROPEAN CENTRAL BANK SELECTS SIA AND COLT’S NETWORK INFRASTRUCTURE TO CONNECT TO TARGET2-SECURITIES Value-Added Network Service Providers SIA and Colt will enable ECB to access the new centralised European platform for the settlement of transactions in domestic and cross-border ...
