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Eurozone

ECB - eurozone economy weakening

Under pressure from high commodity prices, lower consumer confidence and demand, as well as dampened investment growth, the euro-area economy is weakening, says the European Central Bank (ECB) in its September Monthly Bulletin.

EU Commission competition claims wrong

It is the low level of cross-border account mobility, not low customer mobility in national markets, which hinders the EU's bank customers' ability to switch to a more competitive bank, says Deutsche Bank research.

We may not meet 2009 SEPA deadline, say banks

European Union banks have said that the introduction of a single euro payments system (SEPA) could face delays after the European Commission ruled they would not be able to charge for facilitating cross-border direct-debit payments.

ECB to revisit collateral rules - Mersch

The European Central Bank (ECB) will change the rules regarding its money-market operations soon amid fears that financial institutions are taking advantage of the wide range of collateral it accepts to obtain funding.

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