Bloomberg Climate change could hit bank balance sheets with a knock-on effect on financial stability, the European Central Bank (ECB) warned on Wednesday. In a special feature for its semi-annual Financial Stability Review on Wednesday, the ECB said problems will materialise if markets aren’t correctly pricing the risks stemming from extreme weather events and the transition to a low-carbon emission ...

Bloomberg The Irish government sna-gged a payment of about 2.1 billion euros ($2.4 billion) from the country’s central bank, according to a person familiar with the matter. The transfer flowed from the bank’s 2018 earnings, said the person, who asked not to be named as the information is private. Details will be published with the regulator’s annual report on Wednesday ...

Bloomberg The Reserve Bank of Australia (RBA) signalled it expects to lower interest rates this year. It is setting off fresh round of forecasts for deeper policy cuts as economists ponder where the lower bound is Down Under. JPMorgan Chase & Co. on Wednesday said it expects the central bank will have to cut its 1.5 percent benchmark 1 percentage ...