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Global banks bracing for losses amid US hedge fund collapse

The sudden liquidation of the New York-based billionaire Bill Hwang’s Archegos Capital Management ignited a fire sale of more than $20 billion in assets that has left some of the world’s biggest investment banks bearing billions of dollars of losses. According to billionaire investor Mike Novogratz, the collapse of Hwang’s …

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Big Banks could lose billions in the global energy transition

JP Morgan pledged to help clients align their business with Paris Agreement emission targets. HSBC announced up to a $1 trillion in green energy funding. An investor group worth $20 trillion in assets urged heavy emitters to clean up their act. Another group, worth $5 trillion, said it will set …

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In Russia saw the risk of capital shortage at banks

The Chairman of the accounts chamber of the Russian Federation Alexey Kudrin does not exclude that Russian banks may soon face a shortage of capital and need for additional capitalization. This he warned today at the Federation Council. According to the head of the controlling Agency, “the volume nedonoshennyh reserves …

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Banks came up with the Russians a new restriction on plastic cards

Pandemic caught everyone by surprise: businessmen and ordinary workers, government officials and bankers. If there are those who come from coronaries on horseback plus, they are clearly in the minority. Before the new economic disaster everyone is equal, but someone still care. While the Russians make ends meet, the banks …

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Russian banks imported a record amount of dollars

In March 2020, financial and credit institutions of Russia dramatically increased the import of foreign currency into the country. This is evidenced by data of the Central Bank of the Russian Federation. According to statistics from the regulator, in March, banks are imported into Russia almost $5 billion and around …

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