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Spain Nominates Pablo Hernandez de Cos to Succeed Christine Lagarde as ECB President

Spain Nominates Pablo Hernandez de Cos to Succeed Christine Lagarde as ECB President

Spain has officially nominated Pablo Hernandez de Cos, the current general manager of the Bank for International Settlements (BIS), to succeed Christine Lagarde as President of the European Central Bank (ECB). This nomination was submitted by Spanish Deputy Prime Minister and Economy Minister Carlos Cuerpo to Eurogroup President Kyriakos Pierrakakis. De Cos brings nearly three decades of experience in the central banking system, having previously served as the governor of the Bank of Spain from 2018 to 2024. During his tenure as Bank of Spain governor, he chaired the Basel Committee on Banking Supervision and the advisory technical committee of the European Systemic Risk Board. Cuerpo highlighted de Cos's "outstanding knowledge" of economic, fiscal, and monetary policy, his "broad professional experience" in international banking and financial stability, and his reputation for technical rigor and ability to build consensus. The Eurogroup is scheduled to assess the candidates, which also include Klaas Knot ...
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ECB President Lagarde Signals Continued High Inflation, Potential Rate Hike

ECB President Lagarde Signals Continued High Inflation, Potential Rate Hike

ECB President Lagarde Signals Continued High Inflation, Potential Rate Hike
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US inflation too high; essential to get back to 2%: Fed's Williams

US inflation too high; essential to get back to 2%: Fed's Williams

FRANKFURT, Nov 6 (Reuters) - US economic growth has remained resilient and the labour market is remarkably stable despite successive shocks, but inflation is too high and must be brought back to 2%, New York Federal Reserve President John Williams said on Friday.
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Central banking veterans Knot and de Cos in race to replace Lagarde at ECB

Central banking veterans Knot and de Cos in race to replace Lagarde at ECB

By Balazs Koranyi BRUSSELS/FRANKFURT, Nov 6 (Reuters) - Euro zone nations nominated two central banking veterans on Friday to succeed Christine Lagarde at the helm of the European Central Bank, both of them seasoned crisis-fighters.
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Take Five: Tech wreck and roll

Take Five: Tech wreck and roll

Nov 6 (Reuters) - Traders on the world's financial markets go into next week hoping the storm engulfing tech stocks blows itself out and for no new escalation in the Iran war that sends oil prices surging again.
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Spain nominates former central bank head De Cos for ECB presidency, deputy PM says

Spain nominates former central bank head De Cos for ECB presidency, deputy PM says

MADRID, Nov 6 (Reuters) - Spain on Friday said it had put forward former central bank chief Pablo Hernandez de Cos as a candidate to succeed Christine Lagarde as president of the European Central Bank, according to a letter seen by Reuters.
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Markets fret over growth and inflation, just as tech rout gains speed

Markets fret over growth and inflation, just as tech rout gains speed

By Sophie Kiderlin, Canan Sevgili and Stefano Rebaudo LONDON, Nov 6 (Reuters) - Uncertainty over the growth outlook and expectations that inflation will remain elevated next year are weighing on global markets, even as hopes of a de-escalation in the Iran war have eased oil prices.
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Analysis-Trader angst pivots from inflation to growth as tech rout deepens

Analysis-Trader angst pivots from inflation to growth as tech rout deepens

By Dhara Ranasinghe and Karin Strohecker LONDON, Nov 6 (Reuters) - The rout in tech stocks further clouds the outlook for a global economy bolstered by the AI boom, leaving traders questioning whether central banks will have scope for further interest rate hikes to contain an Iran war-induced energy
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ECB looking at indicators to see if December hike needed, Lagarde says

ECB looking at indicators to see if December hike needed, Lagarde says

MILAN, Nov 5 (Reuters) - The European Central Bank is looking at indicators to see if an interest rate hike could be warranted next month, after it held rates steady in November, the bank's outgoing President Christine Lagarde said on Thursday.
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EBA Outlines Next Steps for EU Supervisory Reporting Simplification and Extends Implementation Timelines

EBA Outlines Next Steps for EU Supervisory Reporting Simplification and Extends Implementation Timelines

EBA Outlines Next Steps for EU Supervisory Reporting Simplification and Extends Implementation Timelines
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MyFlyYatra Offers Discounted Business Class Flights from New York to Europe

MyFlyYatra Offers Discounted Business Class Flights from New York to Europe

MyFlyYatra Offers Discounted Business Class Flights from New York to Europe
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Financial Stability Board Standards for Bank Executive Pay Diverge Globally Amidst US Stalled Reforms

Financial Stability Board Standards for Bank Executive Pay Diverge Globally Amidst US Stalled Reforms

Financial Stability Board Standards for Bank Executive Pay Diverge Globally Amidst US Stalled Reforms