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Deutsche Bank may be top contributor to systemic risk

  Bloomberg Deutsche Bank AG, which runs Europe’s biggest investment bank, may be the biggest contributor to systemic risk among the largest lenders, according to the International Monetary Fund. Deutsche Bank “appears to be the most important net contributor to systemic risks” among global systemically important banks, or G-SIBs, the Washington-based IMF said. HSBC Holdings Plc and Credit Suisse Group ...

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Naira cheer fizzles out as economy sinks

  Bloomberg Optimism that a devaluation of Nigeria’s naira would breathe life into the country’s banking stocks faded almost as quickly as it started. The central bank’s abandoning of a 16-month currency peg was greeted with a world-beating rally in the nation’s shares on expectations foreign investors would return to Africa’s largest economy. It didn’t last, with all but two ...

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Moody’s lowers outlook on Singapore banking industry

  Bloomberg Moody’s Investors Service said it revised its outlook for Singapore’s banking industry to negative from stable, amid growing risks to profitability from exposure to energy-related industries and high levels of corporate leverage. Conditions for the lenders are worsening because of slower economic and trade growth in Singapore as well as more broadly in Asia, Moody’s said. The ratings ...

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