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Goldman Sachs hires macro fund manager Vassalou at $200b unit

Bloomberg Goldman Sachs Group Inc’s asset-management division hired Maria Vassalou, who most recently ran her own firm and spent years at Perella Weinberg Partners, to help manage funds at a $200 billion unit. Vassalou is the deputy chief investment officer at Goldman’s multi-asset solutions group, according to people familiar with the matter, who asked not to be identified discussing personnel ...

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Australia’s central bank ready to act if lockdowns threaten economy

Bloomberg The Reserve Bank of Australia (RBA) said it will continue to review its bond-buying program based on economic conditions and the health situation as the nation faces lockdowns to combat the delta variant of coronavirus. “The board would be prepared to act in response to further bad news on the health front should that lead to a more significant ...

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Ethiopia’s National Bank temporarily halts lending

Bloomberg The National Bank of Ethiopia asked all commercial banks to temporarily suspend providing loans backed by collateral, such as land and buildings. The NBE’s directive follows findings that the money is being used on the black market, State Minister for Finance, Eyob Tekalign, said on Shefer FM radio. The security authorities and the central bank are taking action as ...

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