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PKO plan to bid for Raiffeisen’s Polish unit

  Bloomberg Poland’s largest lender PKO Bank Polski SA is planning to bid for Raiffeisen Bank International AG’s unit in the country, as the state-run company seeks to reinforce government efforts to boost domestic ownership of the financial industry, according to a person familiar with the process. Raiffeisen’s Polish assets, including its corporate banking unit, wouldn’t overlap much with PKO’s ...

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Nigeria delays bank capital rules to avoid recession

  Bloomberg Nigeria plans to delay new capital rules for banks as regulators in Africa’s biggest economy follow fellow oil producer Kazakhstan in trying to boost lending and avoid a recession. The Central Bank of Nigeria in 2014 ordered the country’s lenders it considered too big to fail to boost minimum capital adequacy ratios to 16 percent from 15 percent ...

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New rules choke Europe’s securitisation bankers

  Bloomberg Two decades ago Europe’s asset-backed securities (ABS) market was in its infancy. It has not aged gracefully. On a panel at the annual gathering of securitisation bankers in Barcelona, the industry’s old guard reminisced about how things were when they met for the very first time in Cork, Ireland in 1996. Securitisation, a technique for transforming groups of ...

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