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ECB readies itself for extraordinary monetary measures defying Germany
In direct antithesis with the German Federal Minister of Finance Wolfgang Schauble, Mario Draghi, the President of the European Central Bank, raised yesterday the issue of the deflation risk (negative...
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Big world banks to pay $ 4.95bn for cheating customers; Is it a punishment or...
Last week five of the world largest banks, JPMorgan, Barclays, Citigroup, Royal Bank of Scotland and Union de Banques Suisses were fined by the American magistrates a total of $ 4.7 billion for rigging...
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Will the outcome of the UK referendum “calm” the financial markets?
Just one day left for both the Remain and Leave campaigners to persuade the undecided Britons to vote in their favor promoting what is best for their country. The world is about to finally find out...
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Deutsche Bank chased away from US, threatened with more fines
The US Department of Justice settled its claims against Deutsche Bank, the biggest German lender, for packaging and selling toxic mortgage securities to uninformed customers prior to the 2008-2010...
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Draghi repels Trump’s threats, rejects Schauble’s dictums
Mario Draghi, the President of the European Central Bank, is under mounting pressures both at home and abroad. From the other side of the Atlantic US President Donald Trump is overtly targeting a much...
View ArticleGermany resists Macron’s plan for closer and more cohesive Eurozone; Paris...
Last week, surprising everybody, Francois Villeroy de Galhau, Governor of the Bank of France and member of European Central Bank’s Governing Council said that the decision to stop ECB’s extraordinarily...
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