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Bank of Italy chief to face lawmakers over lax oversight of nation’s lenders

Bloomberg Ignazio Visco will defend the Bank of Italy’s oversight of the country’s lenders this we- ek after a crisis that led to taxpayer-funded bailouts, losses for small investors and a damaged reputation for the financial system abroad. As a two-and-half month probe by the country’s parliament into the industry comes to an end, Visco will make his long-awaited appearance ...

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Massive BOJ bond holdings seen moving slower in 2018

Bloomberg The pace at which the Bank of Japan is expanding its massive hoard of bonds will continue to slow in 2018, according to the majority of economists surveyed by Bloomberg. The central bank will increase its Japanese government bond holdings by about 44 trillion yen ($392 billion) next year, according to the average estimate in the survey. That’s well ...

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Wall Street bonus pools look shallow in ‘unexciting year’

Bloomberg Three Fed rate hikes, two major European elections and the biggest drop in China’s currency since 2008 would normally make for a busy year for macro traders, leaving them optimistic come bonus time. Not this year. Investors haven’t found much to compel them to step up bets on the directions of interest rates and currencies in 2017, driving sharp ...

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