Axel Weber

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  Bundesbank Head Said to Have Threatened Resignation Over Bonds

  By Marlene Y. Satter, AdvisorOne  |  August 31, 2012

  Jens Weidmann, president of Germany’s Bundesbank, reportedly threatened to resign over the issue of bond purchases by the ECB, according to a German tabloid.

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  ECB Battle: Draghi vs. Weidmann

  By Marlene Y. Satter, AdvisorOne  |  August 3, 2012

  ECB President Mario Draghi is challenging Bundesbank President Jens Weidmann’s opposition to a plan for the ECB to reenter the bond markets.

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  Draghi’s Dilemma: ‘Whatever it takes’ Could Alienate Fellow ECB Members

  By Marlene Y. Satter, AdvisorOne  |  July 27, 2012

  Mario Draghi, president of the ECB, may have painted himself into a corner with his London speech on Thursday promising to do “whatever it takes” to rescue the euro.

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  UBS Nominates Board Members; Grabs Advisors From BofA, Morgan

  By Janet Levaux, AdvisorOne  |  February 6, 2012

  The recruited reps come from Bank of America and Morgan Stanley with about $3 billion in assets and $18 million in production.

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  UBS Names Ermotti CEO

  By Marlene Y. Satter, AdvisorOne  |  November 15, 2011

  UBS made its temporary appointment of Sergio Ermotti as CEO permanent on Tuesday as it sought to reassure investors in the wake of a $2 billion trading scandal.

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  German Rift Threatens Euro Zone

  By Marlene Y. Satter, AdvisorOne  |  September 12, 2011

  Juergen Stark's sudden departure from his post at the European Central Bank (ECB) over the issue of buying bonds from troubled euro zone countries has led to wider problems, both in the zone and at home in Germany.

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  After Trichet, ECB Chief Is Likely to Be Italy’s Draghi

  By Marlene Y. Satter, AdvisorOne  |  April 12, 2011

  The announcement by Axel Weber in February that he was withdrawing his name from consideration as the next head of the European Central Bank opened the field to other candidates, but as time has passed Mario Draghi, head of Italy’s central bank, has emerged as the strongest of those.

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  Rescue Fund Divides Euro Zone

  By Marlene Y. Satter, AdvisorOne  |  February 22, 2011

  While Spain’s Prime Minister Jose Luis Rodriguez Zapatero talked up his country’s progress in getting its debt under control, he also expressed faith that the euro zone would agree to take steps to strengthen the European Financial Stability Facility, the euro zone’s rescue fund.

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  Merkel, Weber, Schaeuble to Meet for ECB Chief Job

  By Marlene Y. Satter, AdvisorOne  |  February 11, 2011

  Angela Merkel, chancellor of Germany, was due to meet on Friday with Axel Weber, head of the Bundesbank, and Wolfgang Schaueble, Germany’s finance minister, to discuss Weber’s withdrawal from the race for the top slot at the European Central Bank.

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  Weber Not Candidate to Head ECB; Euro Falls on News, Euribor Rises

  By Marlene Y. Satter, AdvisorOne  |  February 9, 2011

  European sources said in a Reuters report on Wednesday that Axel Weber, head of the Bundesbank, Germany’s central bank, will not seek the top post at the European Central Bank when Jean-Claude Trichet’s term expires in October.