banks

Former Bundesbank boss Weber to lead UBS

Swiss banking giant UBS said Friday it is planning for former German central bank chief Axel Weber to take over as its next chairman, saying that he will be nominated to the board in 2012 before taking over the top post in 2013.

Economy

Bundesbank sees 2.5 percent growth in 2011

The German central bank said Tuesday that growth should be around 2.5 percent this year as domestic demand picks up alongside exports, the traditional driver of Europe's largest economy.

Frankfurt

Weber says he ducked ECB job due to lack of European support

Bundesbank president Axel Weber says he decided not to run for leadership of the European Central Bank (ECB) because he did not enjoy the support of enough European governments.

Economy

Bundesbank's Weber says ECB to hold course into 2011

Bundesbank chief Axel Weber indicated Friday the European Central Bank would pursue relaxed monetary policies into 2011 while suggesting he might not be a "diplomatic" ECB head.

Economy

Nobel laureate Krugman slams Bundesbank's Weber as risk to euro

Nobel Prize-winning US economist Paul Krugman launched a withering attack on Monday on Axel Weber, the head of Germany's central bank and the most likely successor to European Central Bank President Jean-Claude Trichet.

Economy

ECB resumes dollar loans to eurozone banks

The European Central Bank in Frankfurt on Tuesday resumed loans of US dollars following an agreement with the US Federal Reserve that is part of a massive EU plan to save the euro.

Economy

Berlin begins jockeying for top ECB job

Germany on Monday appeared likely to step up its campaign to make Bundesbank chief Axel Weber the next European Central Bank president, as eurozone ministers met to decide on the ECB's vice president.