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07.12.25 - 12:36
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Forcing UK banks to support credit unions would help keep loan sharks at bay (The Guardian)
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High street banks dodged a windfall tax – now they should invest in growth of local lendersNikhil Rathi, chief executive of the Financial Conduct Authority, made a pilgrimage on Friday from its glass and steel HQ in east London to the Pioneers Museum in Rochdale – the spiritual home of the co-operative movement.His unlikely day trip aimed to highlight the City watchdog's role in opening the way to a doubling of the size of the mutuals sector – a Labour manifesto pledge. Continue reading......
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05.12.25 - 10:31
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ROUNDUP: Swiss Re erwartet 2026 nur etwas mehr Gewinn - Aktie sackt ab (DPA-AFX)
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Der weltgrößte Rückversicherer Swiss Re will mit der Sanierung seines Lebens- und Krankengeschäfts den Gewinn ein Stückchen steigern. So rechnet Konzernchef Andreas Berger für 2026 mit einem Konzerngewinn von 4,5 Milliarden US-Dollar (rund 3,9 Mrd Euro), wie die Swiss Re am Freitag in Zürich mitteilte. Das Ziel liegt etwas über den 4,4 Milliarden Dollar, die Berger für 2025 anpeilt. An der Börse kamen die Neuigkeiten allerdings schlecht an...
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05.12.25 - 10:12
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Citi to Continue to Be Overweight on Banks in 2026 (Bloomberg)
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Beata Manthey, Citi's European equity strategy head, talks about the outlook for 2026. "We continue to be overweight banks into the next year," she tells Bloomberg Television. Manthey adds that Citi has also upgraded industrials and basic resources to overweight. (Source: Bloomberg)...
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05.12.25 - 08:00
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China′s risky shadow banks back in spotlight after debt crackdown (SCMP)
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China's crackdown on borrowing by local governments is forcing state-run entities in even some of the wealthiest provinces to tap costly credit from non-bank lenders, a stopgap that is increasing risk in an opaque corner of the financial system.
The borrowing marks a return of China's shadow-banking market, which is more loosely regulated than traditional lenders and had been reined in over the past few years in a bid to reduce risk. Since September, industrial investment arms and financing......
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