European markets plummet as bank taps ECB dollar swap line

Euro sign, Frankfurt

European equity markets fell sharply on Thursday after the European Central Bank (ECB) lent $500 million to an undisclosed bank, sparking renewed concerns about the stability of the eurozone banking sector.

Late on Wednesday, the ECB extended a seven-day loan through its US dollar swap line at an interest rate of 1.1%, the first time the facility has been accessed since February 24, 2011.

European stocks were sent tumbling on Thursday following the announcement. Italy's benchmark stock market

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account