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India shadow banks show signs of revival on stimulus measures

Bloomberg The fortunes of India’s shadow lenders are showing signs of turning, suggesting stimulus measures from policy makers will help the troubled sector weather some of the fallout from the pandemic. Premiums that investors seek to buy AAA rated five-year bonds of non-bank lenders over similar-maturity government notes narrowed the most last month since at least 2012, helping a gauge ...

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Singapore regulator warns of more bank job losses in H2

Bloomberg Singapore’s financial-services sector, which accounts for 4.5% of total employment, may see more job losses during the second half of the year as the country goes through its worst recession ever, the central bank warned on Wednesday. Banks, insurers and other financial institutions held up well during the first six months when the sector created about 1,500 jobs and ...

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Barclays shuffles top bankers to beef up sustainability unit

Bloomberg Barclays Plc is moving some top bankers to its new sustainability teams as it seeks to gain a larger foothold in providing financing and advice for activities that help mitigate climate change. Justin Peagram, previously a managing director in the natural-resources group, will now focus on sustainable energy and other emerging-growth areas as part of the sustainable and impact-banking ...

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