A couple of weeks ago, Citi’s Matt King discussed what is perhaps the best reason of all to be cautious about dipping your toe into equity markets that are trading at elevated (and that’s putting it very, … 1,303 more words
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- Euro zone stocks and bonds rallied on Thursday as banks snapped up almost quarter of a trillion euros of interest-free European Central Bank cash in what the ECB hopes will be the last outing for one of its main crisis-fighting tools.
In a statement by Sabine Lautenschläger, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, Lautenschläger considered that any bank that moves to the euro area will have to meet the ECB’s standards – regardless of whether it comes from the UK or any other place. 207 more words