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Zimbabwe lenders ask central bank to raise interest-rate cap

Bloomberg Zimbabwe’s lenders, which include units of Standard Bank Group Ltd and Ecobank Ltd, appealed to the central bank to raise interest rates that have been capped at 12 percent for the past two years, saying this would increase lending in the collapsing economy. They also proposed that the Reserve Bank of Zimbabwe introduce an overnight rate to facilitate lending ...

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SoftBank to hire from Goldman

Bloomberg SoftBank Group Corp plans to hire about 10 people to boost its in-house investment capabilities, primarily from Goldman Sachs Group Inc, according to people familiar with the situation. The additions will come from banking, private equity, consulting and, in at least one case, the medical profession, said the people, asking not to be named because the matter is private. ...

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Brexit may bring new threat for German banks

Bloomberg Germany’s beleaguered investment bankers could face even more competition when rivals move staff to the country after Brexit. While relocations from the UK will initially have little effect, that may change if banks then use their newly established presence in Germany to expand in the local market for investment banking services, Joachim Wuermeling, the head of banking supervision at ...

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