Tag: Bundesbank

• Tuesday, September 20th 2022 - 09:15 UTC

  German recession forecasted to begin in the last quarter, Bundesbank report

  “The signs of a recession of the German economy are multiplying,” reads the monthly report from the country's central bank, Bundesbank, adding “a slump that could last into next year”.

• Thursday, October 21st 2021 - 19:29 UTC

  The president of powerful Bundesbak resigns after ten years in the post

  

  The president of the all-powerful German central bank, Bundesbank Jens Weidmann announced he will be resigning from the position he has held since 2011, on 31 December 2021, for personal reasons. “I have come to the conclusion that more than 10 years is a good measure of time to turn over a new leaf – for the Bundesbank, but also for me personally,” Weidmann wrote in a letter to the Bank's staff.

• Saturday, February 11th 2017 - 13:29 UTC

  German top banker warns London could lose role as gateway to Europe's financial hub

  

  One of Germany's most senior banking regulators has warned London that it is likely to lose its role as “the gateway to Europe” for vital financial services. Dr Andreas Dombret, executive board member for the German central bank, the Bundesbank, said that even if banking rules were “equivalent” between the UK and the rest of the European Union that was “miles away from access to the single market”.

• Monday, September 24th 2012 - 19:56 UTC

  German fears of recession as business climate index drops for fifth month running

  

  German business sentiment dropped for a fifth straight month in September to its lowest since early 2010, raising fears of recession and underlining that a bold bond-buying plan laid out by the European Central Bank is no economic blessing.

• Thursday, September 20th 2012 - 23:34 UTC

  Merkel honours her mentor and Euro architect, Kohl to help discipline the party

  

  Angela Merkel is seeking help from her estranged, former mentor Helmut Kohl, architect of the Euro, to restore voter faith in the European project before next year's election.

• Friday, September 7th 2012 - 05:41 UTC

  ECB bond-buying scheme announcement boosts world markets

  

  Asian shares looked set for their biggest daily gain in nearly five weeks on Friday after the European Central Bank outlined its bond-buying scheme to help calm the Euro zone's debt crisis, while firm US data fed speculation of a strong jobs report later in the day.

• Thursday, August 23rd 2012 - 05:59 UTC

  Investors wanting safe parking for their money buy 0% German bonds

  

  Germany got bids for 6.24 billion Euros of two-year notes at an auction Wednesday exceeding its 5 billion-Euro maximum sales target, according to a statement from the Bundesbank.

• Thursday, November 17th 2011 - 19:53 UTC

  Moody downgrades ratings of ten German public-sector banks

  

  Moody’s ratings agency decided on Thursday to surprisingly downgrade the rating of ten German public-sector banks. This is the first time Europe’s largest economy in the region, which keeps the Euro zone afloat, is hit.