Tuesday , August 22 2017

Banking

S Africa central bank says ombudsman’s actions risk economy

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Bloomberg South Africa’s central bank filed court papers to reverse an instruction by the anti-graft ombudsman that its mandate of protecting the value of currency be changed, saying the “reckless” proposal is harming the economy. Public Protector Busisiwe Mkhwebane in a report earlier this month instructed parliament to start a ...

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China examines deals gone awry to gauge banking risks

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Bloomberg China’s banking regulator, which has asked local lenders to provide loan information on the country’s top deal-making companies, is examining examples of acquisitions gone awry by those firms to assess potential risks to the financial sector, people familiar with the matter said. The China Banking Regulatory Commission (CBRC) is ...

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