Analysis: Rollover risks loom for Turkey’s banks

2/2 © Reuters. FILE PHOTO: A board shows the currency exchange rates outside an exchange office in Istanbul 2/2 By Tom Arnold, Jonathan Spicer and Ebru Tuncay ISTANBUL (Reuters) – A sharp spike in borrowing costs following the sacking of Turkey’s central bank chief has raised risks for local banks which face a wall of […]

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Climate change fight comes with big trade-offs for central banks, says report

© Reuters. FILE PHOTO: Mountains are seen from the Presena Glacier in Italy FRANKFURT (Reuters) – Central banks need to fight climate change but all policy options on the table come with costly drawbacks, so action needs to be gradual and cautious, an umbrella group of the world’s top central banks and supervisors said on […]

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Slow Gulf economic recovery to have long-lasting impact on banks – S&P

© Reuters. FILE PHOTO: A man walks at the Dubai International Financial Centre in Dubai DUBAI (Reuters) – Economic recovery from the coronavirus crisis in the oil-rich Gulf region will be slow, weighing on the region’s banking sector, S&P Global (NYSE:) Ratings said. Gulf countries fell into a sharp recession last year as the COVID-19 […]

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Exclusive: Chinese banks, Australia’s Macquarie tiptoe into Asian oil finance void

© Reuters. FILE PHOTO: An oil tanker is pictured in the waters off Tuas in Singapore By Chen Aizhu SINGAPORE (Reuters) – Chinese national banks and Australia’s Macquarie Group (OTC:) are quietly filling some of the multi-billion-dollar hole in Asian oil financing after the withdrawal of traditional European lenders, hurt by a raft of defaults […]

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As Lebanon’s banks struggle to raise capital, a deadline looms

© Reuters. FILE PHOTO: Lebanon’s central bank is seen closed under a national lockdown imposed to contain the spread of coronavirus By Tom Arnold and Ellen Francis BEIRUT (Reuters) – Paralysed by financial crisis and riven with political risk, a number of Lebanon’s banks are struggling to meet a central bank target to raise their […]

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India central bank likely to propose stricter rules for shadow banks: sources

© Reuters. FILE PHOTO: Reserve Bank of India logo is seen at the gate of its office in New Delhi By Aftab Ahmed, Swati Bhat and Nupur Anand NEW DELHI/MUMBAI (Reuters) – India’s central bank is likely to propose tightening rules on “shadow banks” in a bid to strengthen solvency and sustainability of a sector […]

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Business as usual for EU banks in ‘open’ London, says Bank of England

© Reuters. FILE PHOTO: AA view of The Bank of England and the City of London financial district in London, Britain By Huw Jones LONDON (Reuters) – European Union banks’ branches in London should see no major change in how they are supervised following Britain’s formal departure from the bloc last month, the Bank of […]

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Facing year-end cut off, U.S. banks scramble to extend COVID accounting relief

© Reuters. By Pete Schroeder and Michelle Price WASHINGTON (Reuters) – U.S. banks are scrambling to persuade Washington policymakers to extend the Dec. 31 expiry of an accounting waiver that has allowed lenders to give struggling borrowers more leeway on their loans, several bankers and lobbyists said. If Congress fails to extend the relief as […]

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Black Friday Arrives, Spanish Banks Turn Down Merger – What’s up in Markets

© Reuters.   By Peter Nurse Investing.com — Black Friday is here, but the shopping season is set to be different with online sales likely to surge. European banking consolidation is put on hold in Spain, while AstraZeneca (NASDAQ:) is unlikely to feel much love as Wall Street returns from its Thanksgiving holiday. Oil is […]

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