The euro is the "only real alternative currency for the moment to make a significant change in the level of reserves," said ...

The central bank plans to allocate the lion’s share of its $1.3 billion contract budget for providers to work on enabling offline payments for a digital euro.

European Central Bank Shows It’s Serious About Enabling Digital Euro Offline Use. The bank plans to allocate the lion’s share of its $1.3 billion contract budget for providers to work on ...

In the United States, the S&P 500 index inched up 0.8%. Meanwhile, the KBW Bank Index, which tracks 24 leading US banks, rose 2.9%. In Hong Kong, the Hang Seng Index closed 2.7% lower.

Panetta urged European lawmakers to take the lead in pushing for coordinated global crypto rules. U.S.-backed tokens like USDT and USDC currently account for about 97% of the global stablecoin market.

The Bank of England is set to keep interest rates on hold as fears grow that the conflict between Israel and Iran will ...

Scholtz still sees value in one top-10 European bank, BNP-Paribas, whose shares have struggled to recover from a punishing 2024. “Markets saw Paribas as a proxy for shorting France,” he says.

Greece’s central-bank chief on why the euro should take on a bigger role as the dollar’s dominance wanes It is time to think beyond regional success, says Yannis Stournaras. Share.

The custodians of trillions of dollars of global central bank reserves are eyeing a move away from the greenback into gold, ...