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Weidmann says hard to steer banks' use of ECB loans

FRANKFURT (Reuters) - The European Central Bank should not interfere in banks' business decisions and take on too big a role in deciding which projects are worth getting bank loans, ECB Governing Council member Jens Weidmann was quoted as saying. At the same time, were the ECB to give banks more long-term loans, it should ensure that the money is not just used to buy government bonds, Weidmann told German weekly Wirtschaftswoche in an interview to be published on Saturday, parts of which were made available to news agencies on Friday.

Germany to propose Bundesbank deputy for ECB board seat

By Annika Breidthardt and Andreas Rinke BERLIN (Reuters) - Germany will propose Sabine Lautenschlaeger, a vice president at the German Bundesbank, to take the board seat at the European Central Bank that is being vacated by Joerg Asmussen, according to two sources familiar with the matter. Asmussen announced on Sunday that he would be returning to Berlin after just two years on the ECB's six-member executive board, to become state secretary in the labor ministry.

ECB says Nouy appointed as head of banking supervisor

FRANKFURT (Reuters) - Daniele Nouy has been appointed to head the euro zone's new banking watchdog at the European Central Bank, the ECB said on Monday, in a step towards closer financial integration in the bloc. Nouy will head the new institution being set up as part of a push for banking union which also requires a single mechanism to wind down non-viable banks to strengthen the financial system so it can weather potential future crises.

Asmussen's departure a headache for ECB

Joerg Asmussen's decision to quit the European Central Bank for politics could deprive ECB chief Mario Draghi of a powerful advocate of his policies in Germany, analysts said on Monday. In a surprise announcement at the weekend, German Chancellor Angela Merkel revealed that Asmussen, 47, would become junior labour minister in her new coalition government, leaving his position on the ECB's executive board just two years into his eight-year contract.

Asmussen's departure a headache for ECB

Joerg Asmussen's decision to quit the European Central Bank for politics could deprive ECB chief Mario Draghi of a powerful advocate of his policies in Germany, analysts said on Monday. In a surprise announcement at the weekend, German Chancellor Angela Merkel revealed that Asmussen, 47, would become junior labour minister in her new coalition government, leaving his position on the ECB's executive board just two years into his eight-year contract.

German finance minister pledges quick decision on new European Central Bank executive

BERLIN - Germany's finance minister on Monday said Berlin will decide quickly on a replacement for a top European Central Bank official who is returning to domestic politics, and praised a senior Bundesbank official who is seen as a front-runner. ECB executive board member Joerg Asmussen is becoming a deputy labour minister in Chancellor Angela Merkel's new government. Asmussen, who has two young children, cited personal reasons.

Asmussen takes job as deputy Labour Minister in new German government

By Annika Breidthardt BERLIN (Reuters) - Joerg Asmussen said on Sunday that he would quit his job as an executive board member of the European Central Bank in Frankfurt to accept a Deputy Labour Ministry job in the new German government for "purely private family reasons". Asmussen, a member of the centre-left Social Democrats (SPD), was a highly regarded deputy Finance Minister in Berlin between 2008 and 2011 before being appointed to the ECB Executive Board by Chancellor Angela Merkel in 2012.

ECB's Liikanen: Monetary policy not been exhausted, ECB 'ready and able to act'

HELSINKI (Reuters) - European Central Bank governing council member Erkki Liikanen reiterated on Thursday that the ECB expects the key interest rates to remain at present or lower levels for an extended period of time. Liikanen, who is also governor of Finland's central bank and was speaking as it cut its outlook for the country, said the ECB had not run out of options for the euro zone as a whole. "The capacity of monetary policy has not been exhausted. We are ready and able to act," he said. (Reporting By Jussi Rosendahl)

Stanley Fischer favored for Fed #2 post

The White House is close to nominating former Israeli central bank chief and Ben Bernanke mentor Stanley Fischer as vice chairman of the Federal Reserve, media reports said Wednesday. The nomination is likely to come soon, The Wall Street Journal said, citing an unidentified source "familiar with the matter". Fischer, 70, would be the replacement for Janet Yellen, who will succeed, pending US Senate approval, Fed chair Bernanke when he leaves at the end of January.

Israel's Fischer picked to be next Fed vice chair: source

By Steven Scheer and Jonathan Spicer (Reuters) - Stanley Fischer, who led the Bank of Israel for eight years until he stepped down in June, has been asked to be the Federal Reserve's next vice chair once Janet Yellen takes over as chief of the U.S. central bank, a source familiar with the issue said on Wednesday.
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