ECB, after hard birth, comes of age in crisis: Europe Bank gets points for first-response role; war games in Frankfurt

Article Abstract:

The European Central Bank on Aug. 9 provided unlimited overnight loans in response to the credit crisis fostered by US subprime lending defaults, at its 4% policy rate, lending a total of approximately $131 bil. It was the first response to the credit crisis by a major central bank, a significant move that helped to calm the market.

Government expenditures, Management dynamics, Economic Programs, Administration of Economic Programs, Management, Economic policy, Company business management, European Union. European Central Bank

---

European banks tighten credit standards

Article Abstract:

Recent credit market woes have persuaded European banks to enact more stringent credit standards for both households and businesses during the third quarter. Lending conditions may potentially become even tighter during the fourth quarter.

Commercial Banks, Product standards, safety, & recalls, Services information, Private Households, Consumer Credit, Consumer Capital & Loan Transactions, Standards, Banking industry, Services, Commercial credit

---

Similar abstracts:

• Abstracts: DaimlerChrysler targets mass market in Europe. World Bank targets forest preservation - climate link
• Abstracts: Central banks inject more cash: global efforts to quell credit crisis continue; Fed pumps in $3.75 billion. ECB signals rate increase is still likely
• Abstracts: Tata may bid for Ford's luxury brands: Indian firm's purchase of Jaguar, Land Rover would widen reach. Ford, Tata could sign Jaguar, Land Rover pact next week

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.