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Swiss holds fire as Franc resists ECB for second time

BERN / Bloomberg For the second time in less than four months, the Swiss National Bank (SNB) president has seen the franc weaken rather than strengthen in the wake of new European Central Bank stimulus. That relief means Jordan and his fellow policy makers won’t cut rates on March 17, according to the majority of economists in a Bloomberg survey. ...

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Deutsche bank chiefs cite govt on mistrust issue

BERLIN / Bloomberg Chancellor Angela Merkel’s government is partly to blame for market mistrust in Deutsche Bank AG because it spearheaded implementation of new liability rules for bondholders in a law passed last year, the lender’s Co-Chief Executive Officers John Cryan and Juergen Fitschen told the Frankfurter Allgemeine Zeitung (FAZ). While the government has solved the problem of liability capital, ...

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Alibaba to set fees for banks on loan of upto $4 billion

BEIJING / BLOOMBERG Alibaba Group Holding Ltd. has set the fees it’s offering to banks on its loan of upto $4 billion, according to people familiar with the matter. China’s largest online emporium is offering 60 basis points to lenders committing $200 million and above to the facility, which banks are starting to market from $3 billion, according to the ...

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