Banks

Despite the dash for cash, Spain’s core settlement infrastructure continues to operate normally, says the Bank of Spain.

A fight for control over a vast chunk of Italy’s debt pile tests Rome’s influence and could reshape the Italian financial system.

Washington and Beijing are trading tariff blows. The EU could come out on top ― if it can rise to the challenge.

Downing Street said the move would promote regional stability and “encourage the return of Syrian refugees.”

Trump has repeatedly called on the Fed to cut borrowing costs, which would help boost the economy ahead of a potential hit to growth from tariffs.

The multilateral lender thinks the U.S. will be hurt more than either Europe or China by Donald Trump’s tariff blitz.

But the seventh consecutive cut may still not be enough to revive European economic fortunes.

Analysts are predicting a cut to 2.25 percent from 2.5 percent.

It was a week when penguins, bonds, the new German coalition, Louisiana soybeans, fossil fuels, the EU’s Digital Markets Act, France’s creaking politics and American bourbon all became one news story. POLITICO explains what got us all yippy.

But Breeden said the impact on inflation, and therefore the Bank’s interest-rate decision in May, is uncertain at this stage.

The global risk environment has deteriorated and uncertainty has intensified, the central bank’s Financial Policy Committee said.

The eligibility ban on presidential hopeful Marine Le Pen and the market-wrecking tariffs of U.S. President Trump are just the latest challenges roiling Emmanuel Macron’s second term.

Madrid has already announced a €14.1B industry aid package to offset the impact of Trump’s 20 percent tariff on EU imports.

A supranational bank would sidestep the European Commission, involve the British, and allow defense-spending off the balance sheet.

Seventy percent of European exports to the U.S. are at risk of being affected by tariffs, an EU official said.

Emmanuel Moulin is set to take over as the French president’s chief of staff later this month.

Bank of Finland governor says the EU should draw up “proportionate countermeasures” against U.S. tariffs.

Brussels sees America’s transatlantic trade surplus in services as its Achilles’ heel.

Germany keeps over €100 billion worth of gold reserves in the New York Federal Reserve.

Banks would be able to afford a possible £30 billion bill if the Supreme Court finds them guilty of paying hidden commissions. But Britain’s economy may not.

Alexis Kohler will depart in mid-April and be replaced by Emmanuel Moulin, a senior civil servant.

“And against this backdrop, speaking about easing pressure on Russia, lifting sanctions, and so on, is definitely inappropriate and unhelpful,” says Ukrainian leader Volodymyr Zelenskyy.