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The European Central Bank has indicated that it is looking into how to mitigate the costs that years of negative interest rates have exacted on banks. That has led some in the market to bet that it will introduce tiered interest rates at some point. But analysts are not convinced that tiering deposit rates will help weak lenders — or make any difference at all. Mike Turner reports.
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Former senior executives at the World Bank have warned incoming president David Malpass that he must use his first 100 days to make clear to staff he is prepared to distance himself from the agenda of Donald Trump.
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MUFG has relocated 21 staff to Paris, including all its European DCM origination bankers, all its sales people who cover European investors and an MTN banker.
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The European Central Bank has indicated that it is looking into how to mitigate the direct costs that years of negative rates have put on banks, and analysts are growing concerned that a tiered interest rate system might be put in place.
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FTSE Russell is reviewing China for a potential upgrade under its framework for index eligibility, opening the door for onshore bonds’ inclusion in the FTSE World Government Bond Index (WGBI).
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BBVA has hired a former MTN banker at Santander as a director in its liability management team.