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Nordea dropped off list of global systemic banks

Bloomberg Nordea Bank Abp just dropped off the list of global banks deemed too big to fail, but that doesn’t mean it can hold less regulatory capital. The Financial Stability Board removed Nordea from a group it defines as global systemically important banks (G-SIB). A G-SIB needs to have more capital than other banks, so the assumption is that no ...

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Poland vows liquidity for troubled banks

Bloomberg Poland’s finance minister and central bank chief pledged to provide liquidity for two lenders at the center of a corruption scandal as investors again sold battered bank stocks. “We are ready to guarantee that these banks have and will maintain liquidity,” Governor Adam Glapinski said on Monday. “Their clients are safe.” He spoke after the country’s Financial Stability Committee ...

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Argentina nears end of a key rate floor

Bloomberg Argentina’s central bank may eliminate the floor on its benchmark interest rate in early December if it sees a second consecutive decline in inflation expectations, according to two people with direct knowledge of the plan. The decision to eliminate the 60 percent floor may come as early as December 3, said the two people. Policy makers want to see ...

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