
2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
Some euro zone banks keep denying their issues with unpaid loans, as the ECB’s chief supervisor has recently unveiled.
In all euro area countries, one can spot financial institutions, which aren’t doing so well, though they try to show their commitment to solving their issues, while others even dare to deny their obvious problems. That’s what Talouselämä, supervisor from the ECB told in Friday’s interview.
She was answering questions as for a request for public assistance by Italy’s Monte dei Paschi di Siena as well as apparent failures to clean up the banking sector in Italy and also in Germany.
Trying to cope with a huge and ascending pile of bad loans, Monte Paschi has had to apply for a recapitalization by the Italian state, although the rescue has yet to be officially approved by EU authorities.
As the euro zone's key banking watchdog, in December the ECB set Monte Paschi's capital shortfall at about 8.8 billion euros, though Nouy stressed that earlier this week extra discussions about the bank's losses were required.
2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
The US dollar index keeps rounding above the 103.60 historical support level. The buyers have already defended this level for three weeks, highlighting their interest in the greenback. Thus, buying USD looks less risky right now.
Happy Monday, dear traders! Hope you had a great weekend and you’re ready for the last trading week in 2022! Later this week we’ll announce some exciting news for you, but now let’s look through some interesting news! Today’s events: USA, UK, Hong…
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
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