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As zero rate looms, Norway says banks strong enough to cope

Bloomberg With talk swirling about the Norwegian interest rate heading to zero, the nation’s finance minister is confident its banks can withstand the added pressure to their balance sheets. “The Norwegian banking system is very robust and has been able to adjust quickly to the new demands in regulatory framework,” Siv Jensen said in Oslo. “They are robust enough to ...

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Pound’s biggest gain since 2009 signals ‘Leave EU’ anxiety easing

Bloomberg Easing anxiety over Britain’s potential exit from the European Union may be complemented next week by signs of a stronger U.K. economy, supporting the pound further after its best week since 2009 against the dollar. Britain’s currency recovered from its steepest weekly decline versus the greenback in more than seven years as a report Friday showed wage-growth in the ...

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From Schengen to ‘Brexit,’ risks to the Euro are stacking up

Bloomberg It’s not only European Central Bank stimulus that has the potential to hurt the euro. From the possibility that Britain might leave the European Union and the impact of refugees flooding the region, to concerns over the economic outlook and political turmoil in Ireland as well as Spain, the euro is facing a slew of hazards. Set alongside economists’ ...

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