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.

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The European Central Bank's payment system experienced a seven-hour breakdown, disrupting trillions of euros in transactions. The issue was attributed to a hardware defect, not foul play. This ...

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The legal merger between Eurobank and Hellenic Bank is expected to be completed within the first quarter of 2025, with the ...

The ECB will also release quarterly staff forecasts on GDP and inflation. Ahead of the ECB's meeting, investors will watch the release of provisional inflation data for February, due Monday. Producer ...

France's rising debt, fiscal deficits, and sluggish GDP growth weigh on EWQ ETF performance. See why we rate the ETF a sell ...

EUROPEAN shares clocked their tenth straight weekly gain on Friday, continuing their stellar run into the new year though ...

Twenty-five years after the launch of the euro, the European Union faces a serious predicament, with the two largest ...

EUR/USD rises 3.5% as yield spreads improve, but ECB faces conflicting pressures from stagnant growth and rising inflation.