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Swiss National Bank braces for Brexit tsunami

  Bloomberg If Thomas Jordan finds himself in the midst of a foreign-exchange tsunami this month, it won’t be of his own making. In January 2015, the Swiss National Bank shook markets when it gave up its cap on the franc. Now central bankers the world over are casting a nervous eye toward London amid fear the UK’s departure from ...

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PBOC to seek close communication with IMF: Guv

  Emirates Business China’s central bank will keep in close communication with the International Monetary Fund on key topics centered around the global and Chinese economies, according to People’s Bank of China Governor Zhou Xiaochuan. Zhou made the remarks in a meeting with IMF Deputy Managing Director David Lipton in Beijing, according to a statement released on the central bank’s ...

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QNB raises US$2.75bn in ME’s biggest Tier 1 notes

    BLOOMBERG Qatar National Bank SAQ, the country’s biggest bank, raised 10 billion riyals (US$2.75 billion) from capital-boosting perpetual notes in the single largest such issue in the Middle East and North Africa. The privately placed Tier I notes will help strengthen the group’s capital adequacy ratios and support growth across the group, the Doha-based lender said in an ...

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