Itemoids

Europe

Despite banking woes, the European Central Bank hikes interest rates by half a percent

Quartz

qz.com › despite-banking-woes-the-european-central-bank-hikes-i-1850232078

The European Central Bank raised interest rates by half a percentage point on Thursday. The hike comes after shares of Credit Suisse, one of Europe’s largest banks with nearly $600 billion in assets, hit all-time lows after its largest shareholder refused to invest more in the bank.

Read more...