European Central Bank

European Central Bank’s hike on interest rate and what President Lagarde has to say on it?

European Central Bank raises rates by 50 basis points, first hike in 11 years

The European Central Bank raised its benchmark deposit rate by 50 basis points to zero percent.

Alexander Wynaendts to be the new chairman of Deutsche Bank

The previous chief executive of Aegon (AEGN.AS) will supersede Chairman Paul Achleitner, one of Germany's most notable bankers. In May, he intends to step down after 10 laborious years.

European Central Bank plans to introduce policies to contest the inflation surge that is highest in the decade

It reached a 3% record high after 10 years in the eurozone inflation division wherein a gain of 2% was witnessed in the second quarter.