The number of banks with a significant size in Spain has decreased from 45 to 10 since the outbreak of the Great Financial Crisis in 2008. Most of it was due to the merger of entities with issues -in many cases nationalized- that were absorbed for more solid ones: it happened between 2009 (intervention by […]
Tag: rates
Central banks peripheral to the euro lower interest rates and point the way to the ECB
The Riksbank (Sweden's central bank) this Wednesday cut the reference interest rates in its economy, from 4% to 3.75%, for the first time in eight years, acting before the European Central Bank (ECB) in a attempt to offer a respite to families and companies in the Nordic country that are being hit by the recession. […]
Why Japan is no longer the only country with negative interest rates and ends an extraordinary “monetary experiment”
Image source, Getty Images Article information Containing inflation has been the obsession of governments around the world for at least the last two years. But all this time there has been one exception: Japan. While central banks around the world raised their interest rates to curb rising inflation and its impact on people's purchasing power […]
Real estate credit, rates, savings… Behind the scenes of negotiations between banks and customers
At the end of her mandate, Corinne Dromer takes stock of her seven years at the head of the CCSF, where she led debates between representatives of banks, insurers and consumer associations, among others. Corinne Dromer President of the Financial Sector Advisory Committee (CCSF) Corinne Dromer has been President of the CCSF since January 2017. […]
Exchange rates – Finance for everyone
On financial information sites or specialized pages of newspapers, we can read for example EUR/GBP=0.8250/0.8252. The first prize is sales course of the first currency mentioned, here the euro. The second prize is purchase price of the first currency. In explicit terms, EUR/GBP=0.8250/0.8252 means that one Euro (EUR) sells for 0.8250 Pound Sterling (GBP) and […]