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IMF, Congo agree on new credit injection

Bloomberg The International Monetary Fund (IMF) and Democratic Republic of Congo agreed in principle to a new credit injection as the government faces slowing growth and declining foreign reserves. The IMF’s executive board is expected to consider the credit facility in mid-December, along with an IMF staff oversight programme that would last through May, the Washington, DC-based lender said in ...

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Irish bank chief says sorry for calling loan probe ‘annoying’

Bloomberg KBC Group NV’s chief executive apologised for his criticism of an Irish mortgage overcharging investigation, after his comments drew a public rebuke from the country’s prime minister, Leo Varadkar. Lawmakers from across the political spectrum rounded on Johan Thijs after he urged the Irish central bank to “turn the page” on the “annoying” inquiry into how thousands of customers ...

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Danish leaders want to probe Danske Bank

Bloomberg Investigations into money laundering at Danske Bank A/S should be expanded to include the lender’s possible use of gold as a way to help clients in Estonia hide their fortunes, according to Danish lawmakers. “Danske Bank has some explaining to do,” Torsten Schack Pedersen, a Liberal Party member on the parliament committee that oversees financial legislation, said by phone. ...

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