Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

U.S. Stocks Pare Gains on Report Pressing for ECB to Share Power

U.S. stocks pared earlier gains after policy planning documents showed the U.K. is pressing for the European Central Bank to share power with national regulators as it takes over euro-area bank supervision.

The Standard & Poor’s 500 Index rose 0.1 percent to 1,405.60 at 1:20 p.m. in New York, trimming an earlier advance of as much as 0.4 percent.

The ECB should have a core set of central powers to oversee all banks in the 17-nation currency bloc while delegating some tasks to individual countries, under one option favored by the U.K. and European Union economic policy officials. The ECB supports a similar “light touch” approach that would leave day-to-day supervision for most banks in the hands of national authorities, according to the documents obtained by Bloomberg News.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.