Ed Kalecki

In a statement Saturday, the Frankfurt-based institution said it will extend repo lines to all central banks unless excluded on the grounds of, in particular, money laundering, terrorist financing or international sanctions, adding that the changes will apply as of the third quarter.

Ed Kalecki, Bloomberg Radio.

Chief executive officers at the top U.S.

banks all received annual compensation of at least $40 million, with their total pay surpassing records set in 2006 and 2021.

Bank of America's Brian Moynihan was the latest CEO to have his pay disclosed.

with his compensation rising 17% last year to $41 million.

Citigroup said this week that it boosted the pay of CEO Jane Fraser 22% to $42 million for 2025, a sign of confidence from the board about her ability to turn the company around after years of underperforming peers.

Ed Kalecki, Bloomberg Radio.

News when you want it with Bloomberg News Now.

I'm Ed Kalecki.

Secretary of State Marco Rubio says Europe's fate is intertwined with the U.S.

while faulting the continent for what he said was a drift away from their shared Western values.

The double-edged message offered some reassurance to allied leaders gathered at the Munich Security Conference, but did little to temper their push for more independence from Washington.

Rubio spoke with Bloomberg News Editor-in-Chief John Micklethwaite and also talked about the vested interest the U.S.

in our future collectively will be stronger if we work on these things together secretary rubio speaking with bloomberg news editor-in-chief john mclithwaite while u.s inflation has cooled from its pandemic era peak prices at grocery store meat counters are skyrocketing with no relief in sight beef costs have riven faster than most other items in the consumer price index with the broad beef and veal category up 15 percent over the past year as of january

Uncooked ground beef reached a fresh record after soaring by the most since June 2020, and government data released Friday.

The gains were a standout from the rest of the consumer grocery basket, where things have broadly improved.

Chicken prices rose by only 1.1 percent in the past 12 months, while milk was little changed.

President Trump's crackdown on Venezuela is costing the U.S.

billions.