The FINANCIAL -- European Central Bank to offer four additional pandemic emergency longer-term refinancing operations in 2021 allotted on a quarterly basis, each with a tenor of one year.
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The FINANCIAL -- Cash most popular instrument for in-person retail payments, but use gradually declining, Card payments becoming increasingly contactless, Survey suggests coronavirus pandemic has accelerated use of cashless payment methods. Euro area consumers are gradually shifting towards cards for in-person retail payments, although cash
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The FINANCIAL — ING announced today that Ljiljana Čortan will be appointed chief risk officer of ING. Ljiljana Čortan until recently served as chief risk officer of HypoVereinsbank – UniCredit Bank (HVB) in Germany. She will succeed Steven van Rijswijk, who was
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The FINANCIAL — The European Bank for Reconstruction and Development (EBRD) and the central banks of Estonia (Eesti Pank), Latvia (Latvijas Banka) and Lithuania (Lietuvos Bankas) are joining forces to develop a regional market for commercial papers. Commercial papers (CPs) are short-term
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The FINANCIAL -- Speech by Fabio Panetta, Member of the Executive Board of the ECB, at Il Salone dei Pagamenti 2020:
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The FINANCIAL -- Christine Lagarde, President of the European Central Bank ECB, claims for greater commitment to the introduction of a European digital currency. Giesecke+Devrient supports the initiative and calls for faster action at European level.
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The FINANCIAL — German manufacturers ramped up production for the third straight month, though the pace of growth slowed in July. Industrial output rose 1.2 percent, less than forecast by economists. The increase was led by carmakers while machinery retreated. Investment-goods production still
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