Bloomberg The European Central Bank (ECB) is likely to continue purchasing junk-rated Greek sovereign debt even after the pandemic crisis has passed, according to Governing Council member and Greek central bank chief Yannis Stournaras. “This is not a question of Greece’s ability to service debt, but a question of even transmission of monetary policy,” Stournaras told Politico in an interview. ...

Bloomberg Swiss National Bank (SNB) policy makers watching the effects of negative interest rates on the economy are worrying about the real-estate bubble that their policy is helping to foster. Aware that any shift in their sub-zero stance could unsettle currency markets, officials are likely instead to highlight the availability of regulatory tools to cool the property market at their ...

Bloomberg JPMorgan Chase & Co opened its digital retail bank in the UK on Tuesday as it expands its consumer business overseas. The bank, called Chase, launched with a fee-free current account and plans to add savings and investment accounts along with loans, according to a statement. Chase will also try to tempt new customers with 1% cashback on debit ...