FRANKFURT -- Banks struggled to process payments on Friday after an unprecedented day-long breakdown in the European Central Bank's machine underpinning trillions of euros of money movements.

The European Central Bank looks primed to cut its key interest rate next week, after French inflation fell to its lowest level in four years, and price increases held steady in Germany, Italy and ...

Banks encountered difficulties in handling payments on Friday due to an extraordinary, full-day malfunction of the European ...

The European Central Bank experienced a major breakdown in its payment system, causing delays in transactions and impacting trillions of euros in payments. The malfunction disrupted the Target 2 ...

German annual inflation came in at an unchanged but higher-than-expected 2.8% in February, provisional data from statistics ...

UniCredit in late November swooped on Banco BPM, which has long been a natural takeover target for the bigger peer given its ...

The ECB has cut rates five times since last June and a sixth move on Thursday is seen as largely a done deal with the debate ...

Having overseen another rate cut in January, the ECB has cut rates 5 times since June last year when it became the first major central bank to start its cutting cycle. With headline CPI currently ...

Economists have added a big disclaimer to their view that the European Central Bank will cut interest rates three more times: ...

The European Central Bank said late on Thursday it had fixed an unprecedented outage in its payment system which had left ...

By Sinead Cruise, Amanda Cooper and Francesco Canepa LONDON/FRANKFURT (Reuters) - The European Central Bank was scrambling to ...