European Central Bank sticks to its guns on interest rates despite market turmoil

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It highlighted the current"severe" market tensions as a potential risk to the eurozone economy as the pressure on banks could dampen the provision of credit. Major US banking stocks were down by about 1% at the open in New York - building on the big losses of recent days. Regulators, including those in the UK, have insisted that there is no systemic risk and that banks are far better capitalised than they were before the financial crisis.

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lindayueh too many banks - not enough regulation....end bonus culture, tax havens, 100%loans..and get back to investments, ISAs, stocks and shares clubs..

lindayueh

I always wondered what the devil would look like now I know.

🤡

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