Deutsche Bank Q4 Profit Plunges; Backs FY25 View; Plans EUR 2.1 Bln Distributions
German banking major Deutsche Bank AG (DB) reported Thursday that its fourth-quarter profit attributable to shareholders plunged 92 ...
European Central Bank Cuts Benchmark Rate by a Quarter Percentage Point to Boost Stagnant Economy
The European Central Bank is cutting its key interest rate, a step to boost an economy that’s struggling to grow as consumers ...
Weak Growth, ECB Boost Traders' Euro Area Rate Cut Confidence
With the bloc facing a bleak outlook, some analysts said the ECB would have to cut rates below the 2% that markets expect to ...
Diverging From the Fed, E.C.B. Cuts Interest Rates as Growth Stagnates
The European Central Bank’s reduction, the fifth consecutive cut since last summer, came a day after the U.S. Federal Reserve ...
Deutsche Bank Posts Weaker-Than-Expected Profit and Ditches 2025 Cost Target
The bank on Thursday ditched its closely watched cost target for 2025, saying it wanted to make investments in business. It ...
ECB To Cut Rates Again As Lagarde Sees Disinflation "Well On Track"
The European Central Bank lowered its interest rates for a fourth policy session in a row on Thursday and is likely to opt for more ...
EU Vessel Sanctions Weigh on Russian Grain Exports, Central Bank Says
Russia currently holds about 20% of Ukrainian territory, with the four regions it officially calls "the new territories" ...
Yen edges up against euro, dollar as rate outlooks diverge
The yen made broad gains on Thursday as Japan looks on track to keep raising interest rates while others cut, with the ...
Hostile EU bank M&A raises risk of winner’s curse
Launching an unwelcome takeover of a rival bank used to be a sign of dangerous excess. These days, it seems to be the most ...
European embedded banking startup Swan adds another $44M to its Series B
Several fast-growing companies have chosen Swan as their embedded banking partner. For instance, Pennylane, a French ...
ECB May Drop ‘Restrictive’ Label on Rate Stance as Soon as March
The European Central Bank may stop describing its monetary policy stance as “restrictive” at its next decision in March, ...
ECB Cuts Interest Rates By 25 Basis Points As Economy Cools, Lagarde Rejects Bitcoin As Reserve Asset
The European Central Bank lowered its key interest rates by 25 basis points on Thursday, bringing the deposit facility rate to 2.75%, as the disinflation process remains “well on track” while the ...