Banks across Europe that had to borrow money from the European Central Bank (ECB) to stay afloat during the last few years will be paying back $4.8 billion of those loans next week — earlier than expected. However, that figure still is less than what they were expected to pay back. That’s because the ECB recently cut its refinancing rate to .25 percent, thereby reducing the amount of interest paid by banks on those three-year loans. In paying back the loans early, European banks are slashing their levels of excess liquidity (or cash beyond what’s needed to cover daily transactions). Investors in the European financial community seemed to welcome this news as another indication that the euro zone is recovering.
European Banks to Return $4.8 Billion Early
Like This Article?
Now Get Mark's FREE Special Report:
3 Dividend Plays with Sky-High Returns
This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.
Get Access to the Report, 100% FREE
U.S. stocks rose today to extend records for benchmark indexes, as Janet Yellen, the nominee to become chairman of the Federal Reserve, spoke about the need to continue the Federal Reserve’s stimulus efforts.
PREMIUM SERVICES FOR INVESTORS
Dr. Mark Skousen
Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.
- Forecasts & Strategies
- Home Run Trader
- Fast Money Alert
- Five Star Trader
- TNT Trader
A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.
- Cash Machine
- Premium Income (exclusively for subscribers of Cash Machine)
- Quick Income Trader
- Breakout Profits Alert
- Hi-Tech Trader
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:
- Successful Investing
- Intelligence Report
- Bullseye Stock Trader
Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
- Retirement Watch
- Retirement Watch Spotlight Series
- Lifetime Retirement Protection Program
Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services:
- Investment House Daily
- Technical Traders Alert
- Success Trading Group
Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.
Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.
- Dividend Investor