News and opinion on finance

AML: Record fine gives Swedbank a chance to move on

Jens Henriksson, CEO of Swedbank, comments on the final report on the bank's money laundering during a news conference at the bank's head office in Sundbyberg on March 23 A fine levied ...
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When will coronavirus Covid-19 trigger the World Bank’s pandemic bond?

Note: This story was first published on March 4 but will be updated regularly as new data becomes available. A World Health Organization (WHO) situation report on March 3 catalogued nearly 91,000 ...
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Emerging Europe will need help to fight the coronavirus downturn

As the crisis gathers momentum and countries such as the UK, US and Germany announce stimulus packages amounting to 10% to 15% of GDP, the possibility has to be faced that central ...
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Europe: Who benefits from negative rates?

It is too easy to suspect that the wider politicization of monetary policy in Europe influences some bankers’ attacks on negative rates – in addition to their own self-interest – and particularly ...
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Negative rates may be curbing credit case-by-case, says UniCredit’s Mustier

UniCredit CEO Jean Pierre Mustier Jean Pierre Mustier, head of the European Banking Federation and chief executive of UniCredit, has given a stark warning to the European Central Bank (ECB) on the ...
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Coronavirus: The Asian Development Bank prepares for an uncertain future

The coronavirus will affect the face and focus of development banks and commercial lenders, undermine balance sheets and credit ratings of sovereign states, and even alter how and if multilaterals fund themselves, ...
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Libor and Covid-19: Risk-free rates no more

Remember Libor transition? In the chaos of the last month the topic that has, or should have been, top of mind at many banks has been overrun by the panic and dislocation ...
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Coronavirus: How to fix pandemic bonds

With the coronavirus pandemic touching nearly every country in the world, the pandemic bond that the World Bank issued in 2017 has been under scrutiny. Despite more than 735,000 cases of Covid-19 ...
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AIIB’s Jin finds strength in numbers in tough times

Development banks are forged in tough times, and no one knows that better than Jin Liqun. Coronavirus is a threat to everyone, but also a chance for such international financial institutions to ...
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Coronavirus is particularly cruel to Brazil

It is human nature, when self-isolating at a kitchen bench amid the sound of young children’s squabbles and Netflix programmes, to consider what comes next as coronavirus Covid-19 hits Latin America. What ...
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Coronavirus crisis ramps up pressure on Poland’s banks

Poland’s banks are bracing for an unprecedented shock as the Covid-19 crisis pushes the country towards its first recession for nearly 30 years. Analysts at Raiffeisen Bank International (RBI) are predicting that ...
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Debt relief for Africa as coronavirus Covid-19 crisis intensifies

The IMF is stepping up to the task of providing debt relief to free up fiscal space for Africa’s poorest countries to fight Covid-19, as finance ministers say a full waiver on ...
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