News
ECB posts loss in 1999
During 1999, in its first full year of operation, the European Central Bank(ECB) posted a loss of EUR 247m.
Interbank rates fall as year-end passes
Pressure on the banking industry eased slightly on Wednesday with spreads between money market and central banks' benchmark interest rates narrowing as the end-of-year liquidity panic passed. The falls indicate that the central banks' efforts to…