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Deutsche bank chief may face investor unrest

Bloomberg Deutsche Bank AG head John Cryan may face pressure from investors if his turnaround of Germany’s biggest lender fails to show results in the next six months, one of the bank’s largest investors told the Sunday Times. “If we don’t see improvement in the next two quarters, pressure will mount on the management board,” Ingo Speich, a senior portfolio ...

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Egypt central bank keeps main interest rates on hold

Reuters Egypt’s central bank left its main interest rates unchanged at a meeting of its monetary policy committee, reports said. The bank has raised key interest rates by a total of 700 basis points since it floated the pound in November as part of a $12 billion International Monetary Fund loan programme aimed at boosting the economy. Egypt should get ...

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China central bank steers credit to small business with targeted reserve cut

Bloomberg China took action to ensure credit reaches small business, rural borrowers and startups, a move tailored to shore up the economy as a vital political transition approaches. The People’s Bank of China announced that it would reduce the amount of cash that banks must hold as reserves from next year, with the size of the cut linked to the ...

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