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SYDNEY Australia and New Zealand Banking Group has become more cautious about lending to apartment developers and buyers due to concerns that parts of the market are oversupplied and household incomes have stagnated.
SYDNEY Australia and New Zealand Banking Group's transformation into a smaller bank and other steps it is taking will speed up a push to change its business culture, following a series of scandals in the financial sector, its CEO said.
LONDON The European Central Bank will provide stimulus to the euro zone economy until the bloc's inflation rate is on the path towards its target, with March next year providing an important "staging post", Governing Council member Philip Lane said on Friday. | Video
LONDON With a more than trillion euro fuel injection and no interest rates worthy of the name, the euro zone economy is stirring, more data confirmed on Friday, leaving policymakers hunting for signs the nascent recovery is sustainable.
LONDON/FRANKFURT The European Central Bank will provide stimulus until a sustained inflation rebound, even as its unprecedented measures come with side effects and face constraints, two policymakers said on Friday, just as the bank is contemplating more easing.
LONDON There is likely to be a significant flight of financial activity out of Britain if companies are no longer regulated on equivalent terms to those in the European Union after Brexit, European Central Bank council member Philip Lane said on Friday.
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