Central Banking

ECB looking to move Frankfurt headquarters

The European Central Bank, not even three years old, has already outgrown its headquarters and plans to construct a building outside the city's high-rise banking district by around 2006.

The ECB is negotiating with the city of Frankfurt to buy a 13-hectare tract in an unfashionable district east of the center on the River Main, officials said. European Union architects are invited to pitch designs for the new quarters, which consultants to the ECB envision as a cluster of three skyscrapers up