European Central Bank

Central banks want digital currencies that don’t nudge out cash


Digital money will have to coexist with cash and other forms of tender, according to a report by the Bank of International Settlements, the Federal Reserve and other institutions.


Federal loan programs seek borrowers; ECB to encourage more bank mergers


The Main Street Lending Program is off to a slow start, while the PPP is extended five weeks to distribute the remaining $130 billion in loans; the European regulator is softening its stance to allow more deals.


ECB will let banks run lower capital levels to deal with virus


The move come a day after the Bank of England cut rates and introduced a series of emergency measures, including capital requirements and a lending program for smaller companies.


Central banks team up to study case for digital currencies


The body will include the Bank of England, Bank of Canada, the Bank of Japan and the European Central Bank, but not the Federal Reserve or the People's Bank of China.


Goldman thins its partnership ranks; Wells responds to Warren


About 15% of the bank’s partners are likely to leave this year to make room for new ones; the bank said it is looking into why it charges some customers even after their accounts are closed.


'There will be accidents ... in the cloud,' ECB warns


A senior official at the European Central Bank warned that banks embracing external data storage and other digital technology need to face the reality that those systems are inviting targets for hackers.


Trump says Fed should have Draghi as chief instead of Powell


The president said that European Central Bank President Mario Draghi would do a better job overseeing monetary policy in the U.S. than Fed Chairman Jerome Powell.


Banks strain to satisfy competing AML, data protection rules


Deadlines imposed by U.S. and EU regulators are giving banks intercontinental whiplash.


Which central bank has the most Twitter followers? (Hint: It's not the Fed)


Shortly after taking the job, Federal Reserve Chairman Jerome Powell highlighted the need to communicate monetary policy better. He could learn a thing or two from central bank with the most Twitter followers.


House passes SIFI reform; Living wills of biggest banks approved


The $50 billion threshold replaced by a formula, but bill must be reconciled with Senate version; Fed, FDIC say the eight big banks still have work to do.