ECB

Five of the world's top central banks acted jointly Thursday to provide unlimited dollar loans to banks, a move aimed at easing the growing tensions in the eurozone's financial sector and shielding the global economy from its jitters. The European Central Bank said it will coordinate with the U.S....

The news across the financial world is good for unions, which will find organizing a bit easier; adequate for Greece, which will find getting bailed out a bit easier, and bitter for JPMorgan which had to accept a $153.6 million SEC fine for misleading investors about a mortgage securities transaction.

The notion that the EU could issue a eurozone-wide bond is probably the most sweeping proposal yet to relieve country debt problems. But the ad hoc measures Europe has been taking to put out fires are likely to remain the status quo. One big reason: Germany.

The European Central Bank stepped up efforts to contain the continent's government debt crisis, as bank president Jean-Claude Trichet announced it would prolong measures to provide ready cash to banks and steady the financial system. Markets were initially disappointed Thursday when Trichet did...

The Dow jumped skyward on Wednesday as stocks rallied around the globe on a stream of strong economic news, both abroad and in the U.S. A less anxious outlook for European sovereign debt also helped.

Greece received the green light for the next installment of its 110 billion euro ($150 billion) bailout package. Representatives of the IMF, ECB and EU said they were recommending that the country receive the third batch of loans under the program, The Associated Press said. The loans are worth 9...

The euro has posted its biggest quarterly gain in eight years, but billionaire investment guru Warren Buffett is worried about Europe's common currency. Despite the E.U.'s trillion-dollar bailout fund, he's not sure the Continent will be able to avert a sovereign debt meltdown.

Euro-zone countries should prepare to implement more measures aimed at cutting "excessive deficits" if economic growth disappoints, the European Central Bank said. The 16 members of the euro-zone should "be prepared to accelerate consolidation where necessary to correct their excessive deficits,"...

It may be because of the slowing European economy, the drive for austerity by the continent's national governments, or planned tax increases. But whatever the reasons, the European Central Bank said Thursday it would hold its benchmark interest rate steady at 1%.

Ever since the Greek debt crisis began worrying investors last month, many European banks are being stress tested. Now, there is growing pressure to release the results.