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Weak trade is the ‘new normal’ in post-crisis world, says ECB

  Bloomberg Trade is likely to remain weak in the coming years, according to a report by the European Central Bank. While global trade grew on average roughly twice as fast as global output prior to the financial crisis, the ratio of imports to world GDP has largely stagnated over the last five years and will probably remain at current ...

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Deutsche Bank to offload risk by securitizing corporate loans

  Bloomberg Deutsche Bank AG, which is trying to bolster its capital, is working to securitize billions of dollars of corporate loans to offload risk, according to a person with knowledge of the matter. The bank is structuring the transaction as a synthetic collateralized loan obligation, which means the firm would keep servicing loans while transferring risk to investors, said ...

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End of Iran sanctions signals tougher times for India’s UCO

  Bloomberg Many banks around the world are gearing up for new business with Iran after years of punishing sanctions were lifted in January. Not so the state-owned UCO Bank Ltd., which is forecasting lower profit after losing its privileged position as the only Indian bank involved in financing the country’s oil imports from the Middle Eastern nation. After sanctions ...

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