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Draghi seen pressing ahead with ‘rate hike’ despite risks

Bloomberg Mario Draghi will only just manage to raise the European Central Bank’s interest rates before his term as president ends in October 2019 amid continued risks from US tariffs and Italian politics, according to a Bloomberg survey of economists. With asset purchases about to conclude in December, most respondents predict euro zone policy makers will increase the deposit rate ...

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SoftBank is seeking loans from banks pitching for mega IPO

Bloomberg Masayoshi Son is asking Wall Street banks to open their pocketbooks if they want in on what could be the biggest-ever initial public offering, according to people familiar with the matter. SoftBank Group Corp. has told potential underwriters seeking a large role in the blockbuster IPO of its Japanese wireless unit that they should offer to lend to other ...

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Europe’s dirty money defenses not up to the task, says Nordea

Bloomberg Next month, the euro zone will get its eighth global systemically important bank, Nordea Bank AB. Its management is now asking authorities in the bloc to consolidate anti-money laundering defenses after a spate of scandals rocked confidence in the finance industry and its regulators. Julie Galbo, chief risk officer at Nordea and a former regulator at the Danish Financial ...

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