European Central Bank

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  Spanish Unemployment Hits Record 25%

  October 26, 2012

  Coming austerity cutbacks are expected to drive the rate even higher in the year to come.

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  Eurozone Private-Sector Lending Drops

  By Marlene Y. Satter, AdvisorOne  |  October 25, 2012

  September saw lending to private companies in the eurozone fall substantially, as businesses reined in the urge to borrow and lenders remained reluctant to shell out.

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  EU To Review Plan for ECB to Supervise Banks Outside Eurozone

  By Marlene Y. Satter, AdvisorOne  |  October 24, 2012

  Leaders of EU countries will review a plan to broaden supervisory duties for the ECB to countries outside the joint currency, as complaints from non-euro countries about possible disadvantages to them are addressed.

• A Stimulus-Crazed World

  By Ronald Delegge, ETFguide.com  |  October 24, 2012

  Can central bankers reflate the world to prosperity?

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  Eurozone Bank Supervision to Start in 2013

  By Marlene Y. Satter, AdvisorOne  |  October 19, 2012

  A meeting of EU leaders resulted in agreement that the ECB will be at the head of a framework of eurozone bank supervision, and that the structure will be in place by the beginning of 2013.

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  Goldman President Cohn Will ‘Probably Read’ Op-Ed Writer’s Tell-All Book

  By John Sullivan, AdvisorOne  |  October 12, 2012

  Is all forgiven? Probably not.

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  PIMCO’s El-Erian: Investors’ ‘Romance’ With Central Banks Won’t Last

  By John Sullivan, AdvisorOne  |  October 12, 2012

  Forget bubbles—Mohamed El-Erian notes that some argue the recent lackluster performance of global stocks is evidence that markets are "tenuously positioned" on an air pocket.

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  Spain Takes S&P Rating Cut

  By Marlene Y. Satter, AdvisorOne  |  October 11, 2012

  S&P not only downgraded the country’s sovereign debt rating two notches to a single level above junk, but also gave it a negative outlook. The ratings agency cited the uncertain economic and political situation in its reasoning.

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  IMF Boosts Estimate of Bank Selloffs to $4.5 Trillion

  By Marlene Y. Satter, AdvisorOne  |  October 10, 2012

  The IMF said that if political leaders fail to quell the fiscal crisis, it foresees European banks having to sell up to $4.5 trillion in assets through 2013.

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  IMF Says Global Slowdown Could Be ‘More Lasting’

  By Marlene Y. Satter, AdvisorOne  |  October 9, 2012

  The IMF cut its forecast for global economic growth, saying that the slowdown could have a “more lasting component” and that there was a very shaky confidence in the global financial system.