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Deutsche bank chiefs cite govt on mistrust issue

BERLIN / Bloomberg Chancellor Angela Merkel’s government is partly to blame for market mistrust in Deutsche Bank AG because it spearheaded implementation of new liability rules for bondholders in a law passed last year, the lender’s Co-Chief Executive Officers John Cryan and Juergen Fitschen told the Frankfurter Allgemeine Zeitung (FAZ). While the government has solved the problem of liability capital, ...

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Alibaba to set fees for banks on loan of upto $4 billion

BEIJING / BLOOMBERG Alibaba Group Holding Ltd. has set the fees it’s offering to banks on its loan of upto $4 billion, according to people familiar with the matter. China’s largest online emporium is offering 60 basis points to lenders committing $200 million and above to the facility, which banks are starting to market from $3 billion, according to the ...

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Morgan Stanley says bonds set to surge in 2016

NEW YORK / Bloomberg Morgan Stanley, one of the Wall Street banks that deals directly with the Federal Reserve, cut its bond yield forecasts for 2016 and said the US central bank will wait until December before raising interest rates. “The global backdrop for rates markets looks so supportive that 2016 may become known as the ‘Year of the Bull,’” according ...

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