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  • Japan's ultra-low rates could hurt banks' business, economists say

    13-12-2017

    Economists fear that the Bank of Japan’s ultra-low interest rates could hurt banks’ ability to do business if they are kept too long. BOJ Governor Haruhiko Kuroda flagged this possibility when he referred in November to a “reversal rate,” or the level where central bank rate cuts can hurt the economy by squeezing banks’ lending margins to a level where they lose interest in making loans. REUTERS

  • Italy banks seen selling 70 bln in NPLs in 2018

    13-12-2017

    Italian banks are expected to sell non-performing loan portfolios with a gross value of 70 billion euros in 2018, according to a forecast from consultancy PwC. Italian banks are expected to dispose of some 64 billion euros in bad loans this year. RADIOCOR

  • UK 2017-2019 GDP forecasts downgraded by BCC

    11-12-2017

    The British Chambers of Commerce (BCC) said it has slightly downgraded its three-year outlook for the UK economy, cutting growth expectations from 1.6% to 1.5% in 2017, from 1.2% to 1.1% in 2018, and from 1.4% to 1.3% in 2019. RADIOCOR

  • China to fully consider impact of new asset management rules

    11-12-2017

    China will fully consider the possible impact on banks and markets before finalizing its new asset management rules. China issued draft guidelines last month to tighten rules on the asset management industry, the latest step by Beijing to fend off systemic risks from the country’s rampantly growing shadow banking sector. REUTERS

  • Italy November bank loans up 1.9% yr/yr - CRIF

    06-12-2017

    Italian bank loan requests rose 1.9% in November compared to the year earlier, according to data from Italian credit and business information provider CRIF. Requests for home mortgages were instead 20.4% lower. RADIOCOR

  • Italy short-term economic growth prospects bolstered - Istat

    06-12-2017

    Italy's leading economic indicator continues to rise, reinforcing short-term growth prospects, statistics agency Istat said in its monthly note on the Italian economy. In a framework of international economic expansion, the growth of the Italian economy also consolidated in November, supported by a rise in capital accumulation, Istat said. RADIOCOR

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