The European Central Bank experienced a major breakdown in its payment system, causing delays in transactions and impacting trillions of euros in payments. The malfunction disrupted the Target 2 ...

FRANKFURT -- Banks struggled to process payments on Friday after an unprecedented day-long breakdown in the European Central Bank's machine underpinning trillions of euros of money movements.

Deutsche Boerse's Clearstream said on Friday services were largely restored but that there was still some residual impact ...

Banks encountered difficulties in handling payments on Friday due to an extraordinary, full-day malfunction of the European ...

The latest data shows inflation is at its lowest level since February 2021, before a series of supply shocks drove it higher across Europe and much of the globe. It also marks the first time since ...

German annual inflation came in at an unchanged but higher-than-expected 2.8% in February, provisional data from statistics ...

Euro zone consumers lowered their near-term inflation expectations last month but continued to see economic contraction ahead ...

Economists have added a big disclaimer to their view that the European Central Bank will cut interest rates three more times: ...

UniCredit in late November swooped on Banco BPM, which has long been a natural takeover target for the bigger peer given its ...

The euro zone continued to suffer fallout on Friday from an unprecedented breakdown in the European Central Bank's payments ...

The ECB has cut rates five times since last June and a sixth move on Thursday is seen as largely a done deal with the debate ...