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Good times for credit finally end next year, says Societe Generale

Societe generale earnings news conference

Bloomberg The great credit party that’s taken yield premiums in major markets down around lowest in a decade is probably months away from an end, as central banks normalise monetary policy and the economic outlook softens, Societe Generale SA predicts. “We expect next year to be a transition year, when the ultra-low yield environment finally starts to lose its grip,” ...

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Brexit gives Barclays headache as fewer employees exit

Brexit gives barclays headache as fewer staff exit copy

Bloomberg Jes Staley’s latest problem at Barclays Plc? Not enough people want to leave. The bank has seen a decline in staff voluntarily leaving in the aftermath of Brexit, which managers are attributing partly to fears their positions may be relocated if they switch to a rival less tied to London, according to people familiar with the trend. The lower ...

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Lufthansa’s concessions to EU over Air Berlin may fall short

Germany economy

Bloomberg Deutsche Lufthansa AG has to do more to allay European Union concerns about its takeover of most of Air Berlin Plc after offering concessions that won’t fully appease regulators, according to two people familiar with the process. Lufthansa would need to improve upon its offer to cede landing rights of Air Berlin’s Niki arm in order to win approval ...

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