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ECB ‘Brexiteers’ face final ruling on OMT challenge

  Bloomberg It’s not quite Brexit. But just two days before the UK goes to the polls, a throng of German academics, politicians and ordinary citizens are pinning their hopes on a different breakaway. Germany’s highest court will deliver judgments today in five separate cases seeking to stop the country from participating in a controversial bond-buying plan that underpinned European ...

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End of Nigeria’s 15-month currency peg

  Bloomberg Pent-up demand for dollars may push Nigeria’s naira at least 20 percent weaker when the central bank allows the currency of Africa’s biggest economy to float freely, said analysts including Renaissance Capital Ltd. and the head of Ecobank Transnational Inc. Demand for foreign currency has built up to about US$3 billion since capital controls were imposed 15 months ...

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Denmark govt to impose harsher penalty on banks

  Bloomberg Denmark’s government and regulator are looking into tougher laws including the option of imposing harsher penalties on banks after repeated breaches by Nordea Bank AB suggested the existing framework is too weak. Business Minister Troels Lund Poulsen met with the head of the Financial Supervisory Authority, Jesper Berg, discuss measures that could be enforced. The talks followed news ...

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