Bloomberg The European Central Bank has to end its quantitative easing as soon as possible, according to ECB Governing Council member Klaas Knot, who said there’s not a single reason anymore to continue with the program. “The program has done what could realistically be expected of it,” Knot, who also heads the Dutch Central Bank, said in an interview on ...

DUBAI / Reuters The Saudi Arabian central bank’s foreign reserves rose in December for a third consecutive month, a sign that higher oil prices may be easing pressure on the government’s finances, official data showed. The bank’s net foreign assets grew $2.0 billion from November to $488.9 billion last month, after increasing $1.0 billion in November and $8.3 billion in ...

Bloomberg Deutsche Bank AG’s big hit from stricter global capital standards may be softened by the small print. New rules give supervisors the option to exclude banks’ litigation payouts when calculating their so-called operational risk. If that happens, it would be a boon for Deutsche Bank and potentially improve returns for shareholders. The bank declined to comment specifically on the ...