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ECB’s Decision to Scrap Interest on Reserves Deals $6 Billion Blow to Banks

The European Central Bank will stop paying banks for the money they are required to keep at the institution as a minimum reserve, a...

Chinese Banks Dealt Another Blow as Mortgage Refinancing Pushes Impact

Chinese banks’ profits may take a hit as policymakers urge lenders to lower the refinancing costs on $5.4 trillion of home loans, adding further...

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