A European Central Bank (ECB) official says America’s embrace of cryptocurrency and non-bank finance could backfire. “The United States risks sinning through negligence,” Francois Villeroy de Galhau, a member of the bank’s governing council, said in an interview with French weekly La Tribune Dimanche on...
The digital dollar may be off the table for now, following a recent executive order. However, the European Central Bank (ECB) hopes America’s new pro-cryptocurrency attitude can help bring about the digital euro, Reuters reported Thursday (Feb. 6). As that report noted, the ECB is floating the idea of...
Revolut’s chairman is reportedly part of a group aiming to purchase part of Banque Havilland. Martin Gilbert is among the investors in talks to buy the Monaco-based arm of the private bank, which recently lost its license because of concerns about its internal controls, Bloomberg News reported Monday (Sept. 23)....
The future of the digital euro could be decided next year. But as Bloomberg News reported Sunday (Aug. 18), many people in Europe’s largest economy have already made up their minds about the concept of a central bank digital currency (CBDC). According to that report,...
January 09, 2023
Eurozone inflation has dropped back into the single figures after two months of double-digit rates. The latest figures from the EU statistics agency Eurostat estimate that the annual inflation rate across the eurozone was 9.2% in December, down from 10.1% in November and 10.6% in October. The lower inflation follows a series of interest rate […]
May 21, 2020
The tipping point might be nigh for digital dollars and other central bank-issued currencies done through bits and bytes. As politicians across the globe grapple with the pandemic’s continued economic...
May 19, 2020
The COVID-19 pandemic has shaken both the United States and global economies, with 38.4 percent of small to mid-sized businesses (SMBs) reducing their payroll and experts warning that the pandemic...
April 27, 2025
The European Central Bank (ECB) has reportedly created a task force to simplify Europe’s banking rules. The task force is chaired by ECB Vice President Luis de Guindos and also includes the central bank governors of Germany, France, Italy and Finland, Reuters reported Saturday (April 26), citing a source familiar with the matter. Reuters noted […]
March 16, 2025
A European Central Bank (ECB) official says America’s embrace of cryptocurrency and non-bank finance could backfire. “The United States risks sinning through negligence,” Francois Villeroy de Galhau, a member of...
February 06, 2025
The digital dollar may be off the table for now, following a recent executive order. However, the European Central Bank (ECB) hopes America’s new pro-cryptocurrency attitude can help bring about the digital...
September 23, 2024
Revolut’s chairman is reportedly part of a group aiming to purchase part of Banque Havilland. Martin Gilbert is among the investors in talks to buy the Monaco-based arm of the private bank, which...
