Czech billionaire Petr Kellner's PPF Group will boost its stake in MONETA Money Bank to 28.36%, it said on Thursday, part of a two-step attempt to gain control of the lender and grow its foothold in its home market.
The following are key quotes from European Central Bank policymakers on the recent volatility in sovereign bond markets in the run up to Thursday's policy meeting.
Annual euro zone inflation could rise to 2% towards the end of this year, but any such change would be driven by exceptional factors and thus have no clear impact on monetary policy, European Central Bank President Christine Lagarde said.
Greece said on Thursday it would pump another 2.5 billion euros ($3.0 billion) into its fragile economy to shield it from the impact of the coronavirus pandemic as it struggles to ease pressure on its overloaded health system.
Investors are piling into Europe's energy-and-financials-heavy stock markets, yet dividend expectations remain far gloomier than in the United States, with payouts seen well below pre-pandemic levels for years to come.