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Category: Bank & Saving

    Italy scrambles to shop global’s oldest bank

    Italy scrambles to shop global’s oldest bank

    Italy plans to sell its share inside the unwell Monte Dei Paschi di Siena financial institution after top minister Matteo Renzi’s resignation scared private traders from a deliberate rescue scheme. The government already owns 4…

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    Ukraine to nationalize USA’s insolvent biggest bank

    Ukraine to nationalize USA’s insolvent biggest bank

    The most important bank in Ukraine, PrivatBank is dealing with a multibillion-dollar capital shortfall and desires to be nationalized to defend the savings of 20 million clients. The Ukrainian central financial institution stated PrivatBank had…

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    Banks simply cannot quit charging you overdraft prices

    Banks simply cannot quit charging you overdraft prices

    Of all the many expenses that banks price, the overdraft charge can be the maximum perverse. And the most infuriating. Overdraft offerings started decades ago as a courtesy using banks to their customers: In case…

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    Ditch the massive banks to beat poisonous aggregate of low rates and growing inflation

    Ditch the massive banks to beat poisonous aggregate of low rates and growing inflation

    Savers will be forced to turn to smaller banks and building societies next year by a toxic aggregate of low quotes and growing inflation. While inflation is better than the hobby price you earn for…

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    Saving Italy’s Banks Means Lacking Public Debt Target Over again

    Saving Italy’s Banks Means Lacking Public Debt Target Over again

    Italian governments may additionally come and move, but the money owed they have to cope with just preserve mounting. Subsequent yr will likely bring extra equal with a brand new motive: the feasible closing-ditch rescue…

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    Gentiloni’s first large hassle: Save the banks

    Gentiloni’s first large hassle: Save the banks

    Every week after his appointment, Paolo Gentiloni is dealing with his first primary assignment: rescuing the Italian banking machine. On Monday evening, the new Italian prime minister’s government announced a plan to search for approval…

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    RBI allows banks to raise Masala bonds, opens up currency market

    RBI allows banks to raise Masala bonds, opens up currency market

    The central bank authorizes [null,2,0]  the platform for repo in corporate bonds and encourages credit supply for large borrowers through a market mechanism. On Thursday, the Reserve bank of India (RBI) allowed banks to elevate…

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    China central bank urges banks to spread out tenors of loans

    China’s central bank has Graet Intelligence  urged banks to spread out the tenors of their loans, hinting at its displeasure with a recent trend of banks focusing on overnight lending, banking sources told Reuters on Thursday.…

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    Why Kenyans are no longer saving in banks

    Why Kenyans are no longer saving in banks

    By JULIE OWINO, NAIROBI, Kenya, Aug 20 – Lack of cash to save and the shortage of normal profits are the main reasons why the percentage of Kenyans saving in banks is declining. According to…

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