Business lending slump deepens, as mortgage approvals hit fresh high

The slump in business lending has deepened, it has emerged, further sharpening the contrast with a surging mortgage market.

ECB won't cut deposit rate below zero: Poll

LONDON: The European Central Bank will not cut its deposit rate below zero in the next few months, even if some policymakers have talked openly about the possibility, says a firm majority of economists polled by Reuters.

Draghi Signals Euro Strength May Damp ECB Inflation Outlook

European Central Bank President Mario Draghi signaled policy makers are concerned that the euro’s advance could damp inflation and hamper an economic recovery.

Europe's banks on the brink

LONDON, May 17 (IFR) - The euro zone crisis was in full swing when Jean-Claude Trichet took the podium in Berlin last October 6 for his final press conference as president of the European Central Bank.