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Baghdad, Iraq CNN —Iraqi social media star Ghufran Sawadi, better known as Umm Fahad, was shot dead outside her home in Baghdad, the capital of Iraq, on Friday night, a Baghdad police source told CNN. The attack took place in the Zayouna area east of Baghdad, and was captured on video by a surveillance camera and shared on social media. A Baghdad police source confirmed the authenticity of the video to CNN. Other Iraqi social media personalities have previously been targeted in deadly attacks. Most recently, another popular Iraqi TikTok personality, Noor Alsaffar, known as Noor BM, was shot dead in Baghdad in September 2023, an Iraqi security source told CNN at the time.

Persons: Ghufran, Umm Fahad, Sawadi, ” Sawadi, ”, Noor Alsaffar, Noor, Alsaffar Organizations: Iraq CNN, CNN Locations: Baghdad, Iraq, Iraqi, Instagram

☆ Ukraine is in a race to stop Russia's mounting glide-bomb attacks
▼ + stars: | 2024-03-27 | by ( Jake Epstein | ) www.businessinsider.com time to read: +11 min

Short flight times, small radar signatures, and non-ballistic trajectories make glide bombs particularly difficult to intercept as well. "When the Ukrainian air-defense bandwidth is all tied up, they then move in with the fixed-wing aircraft to conduct these glide-bomb attacks," he said. This includes the 1,100-pound FAB-500, 3,300-pound FAB-1500, and 6,600-pound FAB-3000 bombs — all of which can be modified and turned into glide bombs. "That makes the mission planning for attacks with standoff weapons that can hit fixed targets, like the glide bombs, quite practical," he explained. And it won't be entirely the fault of glide bombs — Kyiv needs all the tools its forces can get right now.

Persons: —, George Barros, Scott Peterson, they've, Alexander Ermochenko, Barros, Assad, Ivan Gavrylyuk, Justin Bronk, Su, ALEXANDER NEMENOV, Bronk, Volodymyr Zelenskyy, Alina Smutko, Ukraine doesn't Organizations: Service, Business, Institute for, REUTERS, Ukrainian, Ukrainian Armed Forces General Staff, Handout, Royal United Services Institute, Victory Day, Getty, Archer Artillery, Roman, Getty Images, Patriot, Infantry Brigade, Armed Forces Locations: Russia, Moscow, Ukraine, Russian, Petropavlivka, Avdiivka, Ukraine's Donetsk, Ukrainian, Kharkiv, AFP, Donetsk

A US Navy veteran compares the best multiple launcher rocket systems from the US and UK, detailing HIMARS and the BM-30 Smerch.

Organizations: US Navy, US

☆ Morgan Stanley names global 'alpha' stock ideas for January — and gives one 50% upside
▼ + stars: | 2024-01-16 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +2 min

Asian markets may have had a rocky 2023, but those looking for pockets of opportunities in the region can look to Morgan Stanley's selection of "alpha" stocks. Another top stock that Morgan Stanley is overweight on is the Singapore-headquartered United Overseas Bank . Here are 10 stocks from Morgan Stanley's full list of top overweight-rated stocks for January. Notable bottom-ranked stocks Morgan Stanley also named its "notable bottom-ranked stock ideas." These factors "should result in a wider discount to peers like Telstra ," the investment bank's analysts wrote.

Persons: Morgan Stanley's, Morgan, Morgan Stanley, Michael Bloom Organizations: Alpha, Asia, SK Telecom, Korea, United Overseas Bank, ASEAN, Morgan, TPG Telecom, Telstra Locations: Asia, Pacific, Japan, Asia Pacific, Korean, Singapore

☆ The BM-21 Is Obsolete and Prone to Breakdown, but Ukraine Wants More
▼ + stars: | 2023-09-29 | by ( ) www.wsj.com time to read: 1 min

9/29/2023 12:01AMThe BM-21 rocket launcher—like at least two-thirds of Ukraine’s arsenal—is from the Soviet era. WSJ explains how it works and why Ukraine is trying to get more, despite it being outdated and imprecise. Photo illustration: Jacob Nelson

Persons: Jacob Nelson Locations: Soviet, Ukraine

Baghdad, Iraq CNN —A popular Iraqi TikTok personality was shot dead on Monday in Baghdad, an Iraqi security source told CNN. Known on social media as “Noor BM,” 23-year-old Noor Alsaffar had over 370,000 followers collectively on Instagram and TikTok. While being queer is not explicitly banned under current Iraqi legislation, LGBTQ people are often targeted under vague morality clauses in its penal code. Alsaffar spoke in videos about facing threats on social media over choices of dressing. The Iraqi LGBTQ rights group, IraQueer, posted about Alsaffar’s death, adding the hashtags #Transphobia and #MuderOfTransPeople on X, formerly known as Twitter.

Persons: Iraq CNN —, Noor, Noor Alsaffar, Alsaffar, ” Khaled Almehna, Iraq’s Al, “ I’m, I’m, Samir Jermani, “, ”, Iraq “ Organizations: Iraq CNN, CNN, Twitter, Human Rights Watch Locations: Baghdad, Iraq, Iraqi, Sweden, Denmark, Egypt, Jordan, Lebanon, Tunisia

As part of a review of the EU's 2021-2027 budget, the European Commission in June proposed 50 billion euros in grants and loans for Ukraine to keep Kyiv financed as it fights off Russian aggression. This year, the EU will pay out 18 billion euros to Ukraine in highly concessional loans, but, if the proposed 50 billion total stays, Ukraine will only get 12.5 billion annually from 2024 to 2027. She said the EU budget review should also add money for military mobility -- roads, ports, bridges and airports that allow armed forces to move around quickly -- as the 1.7 billion euros originally allocated for the purpose was insufficient. "We see the need for military mobility infrastructure increasing. It exceeds one billion euros just for Lithuania," she said.

Persons: Gintare Skaiste, Skaiste, Jan Strupczewski, Jason Neely Organizations: Infantry Brigade, Armed Forces, SANTIAGO DE, European, European Commission, Ukraine, Kyiv, Reuters, Eurostat, Thomson Locations: Ukraine, Avdiivka, Donetsk region, SANTIAGO, SANTIAGO DE COMPOSTELA, Spain, Lithuania

☆ Ukrainian forces press on in east, inflict casualties in south, officials say
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +3 min

Russia's Defence Ministry said its forces had repelled eight attacks in the east in hotly contested areas south of Bakhmut. Ukraine's Deputy Defence Minister, Hanna Maliar, said Kyiv's forces were making gains around three villages south of Bakhmut - including Andriivka. Russian forces captured Bakhmut in May after months of battles left the city in ruins. Ukrainian forces have since been chipping away at Russian positions, notably south of Bakhmut. The drive southward is intended to split a land bridge created by Russian forces between the Crimean peninsula, annexed by Moscow in 2014, and areas they hold in the east, expanded by their full-scale invasion launched in February 2022.

Persons: Volodymyr Zelenskiy, Hanna Maliar, Maliar, Andriivka, Bakhmut, Oleksander Shtupun, Ron Popeski, Nick Starkov, Stephen Coates Organizations: Infantry Brigade, Armed Forces, Russia's Defence Ministry, Ukraine's, Defence, Russian, Reuters, Thomson Locations: Ukraine, Avdiivka, Donetsk region, Russian, Bakhmut, Azov, Moscow

☆ Alongside modern Western arms, Ukraine uses custom-built 'mini-Grads'
▼ + stars: | 2023-08-22 | by ( Vladyslav Smilianets | ) www.reuters.com time to read: +3 min

ZAPORIZHZHIA REGION, Ukraine, Aug 22 (Reuters) - Ukraine has an arsenal of high-tech Western arms to fight Russian forces, but is also deploying custom-built mini-rocket launchers that use parts taken from a Soviet-era system. [1/3]Ukrainian servicemen of the 108th Separate Brigade of Territorial Defence fire small multiple launch rocket systems toward Russian troops, amid Russia's attack on Ukraine, near a front line in Zaporizhzhia region, Ukraine August 19, 2023. It is rather ineffective to fire 10, eight or two rockets at one target," he said. He said the development of such weaponry was designed to "give an advantage to units which typically do not have this type of weapon." Reporting by Vladyslav Smilianets, Writing by Timothy Heritage; Editing by Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

Persons: Gall, Viacheslav, Luka, Yurii Osokolanskyi, Oleksandr Musiyenko, Vladyslav Smilianets, Timothy Heritage, Bernadette Baum Organizations: Reuters, Territorial Defence Brigade, 108th, Brigade, Territorial Defence, REUTERS, Thomson Locations: Ukraine, Russian, Soviet, Ukrainian, Zaporizhzhia, United States, Zaporizhzhia region

☆ Ukraine banks on vintage Soviet rocket launchers to support the counteroffensive against Putin's invasion, report says
▼ + stars: | 2023-08-12 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +3 min

Ukrainian troops are using a Soviet-era rocket launcher, the BM-21 Grad, to hit Putin's forces. The BM-21 Grad, which was first developed in 1963, is one of many Soviet weapons that make up two-thirds of Ukraine's artillery arsenal, the outlet said. He said although it often breaks down, the BM-21 Grad can fire many rockets over a short period, per the outlet. Operators within the 60th brigade told the Journal that they had few Western-donated weapons, and would like a HIMARS. At the start of the war, Ukraine held 260 BM-21 Grads, compared with Russia's 500, according to Janes, via the outlet.

Persons: Sunsil Nair, Diego Herrera Carcedo, Volodymyr Sukhilov, Janes Organizations: Street Journal, Service, Russia, Wall Street Journal, BMI, Janes, Rights Watch, Anadolu Agency, Getty, Brigade Locations: Ukrainian, Wall, Silicon, Ukraine, Donetsk Oblast, Russian

☆ After Ukraine's success with US-made HIMARS, European militaries are looking for their own rocket artillery
▼ + stars: | 2023-07-22 | by ( Michael Peck | ) www.businessinsider.com time to read: +5 min

Other European countries are pursuing their own rocket artillery, buying HIMARS or building new systems. Sovfoto/Universal Images Group via Getty ImagesMultiple launch rocket systems have been around since World War II, when the legendary Soviet Katyusha battered Nazi forces. But Russia adapted and moved its command and supply centers out of HIMARS range, though at the price of compromising some efficiency. Rocket artillery can't replace howitzers, which offer some advantages, such as the ability to fire barrages continuously for hours. Still, rocket artillery is certain to join howitzers as the backbone of Western artillery.

Persons: Lockheed Martin, HIMARS, PATRIK STOLLARZ, Biden, ATACMS, salvoes, Jakub Porzycki Organizations: Russia, Service, Rheinmetall, Defense News, Lockheed, Getty, US State Department, Army Tactical Missile Systems, Ukraine, Storm, Nazi, Anadolu Agency, Russian, GPS Locations: Wall, Silicon, Ukraine, Germany, Munster, AFP, Poland, France, Soviet, Warsaw, Russia

☆ Russia built fake trenches along the front lines to lure Ukrainian soldiers into deadly explosive traps, researchers found
▼ + stars: | 2023-07-21 | by ( Ryan Pickrell | ) www.businessinsider.com time to read: +6 min

Among them are fake trenches designed to lure Ukrainians into a death trap, researchers found on a recent Ukraine trip. And while many of the trenches are actual Russian combat positions, others have been traps, researchers learned from front-line Ukrainian forces. They have mine trenches," Kofman said, explaining that they attempt to "lure Ukrainian forces into trenches that have been mined" with remote-activated mines "and then blow up the mines." The possibility that the trench Ukrainian infantry are rushing into might be an explosive trap makes things immensely more difficult. Hendrickson said they have come across extremely complex minefields in which anti-tank mines are protected by anti-personnel mines and other explosives surrounded by booby traps.

Persons: we've, Michael Kofman, Kofman, Laurent van der, Ryan Hendrickson, Hendrickson, Franz, Stefan Gady Organizations: Service, Center for Naval, 81st Airmobile Battalion, Le Monde, US Army Special Forces Engineer, Toronto Television, Paratroopers, Center for New American Security, Ukrainian Locations: Russia, Ukraine, Ukrainian, Wall, Silicon, Seversk, Russian, Afghanistan

☆ Cluster bombs could turn the war in Ukraine's favor — but Russia says it's ready to use them too
▼ + stars: | 2023-07-17 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +7 min

"But of course, if they [cluster munitions] are used against us, we reserve the right to tit-for-tat actions," the president said. Though not banned by the United States, Russia or Ukraine, cluster bombs are outlawed in over 100 countries under a global pact, the Convention on Cluster Munitions, because of the danger they pose to civilians. The United Nations called on the warring parties to immediately cease all use of cluster munitions. Up to 40% of cluster munitions fail to explode on impact, the U.N. said, which allows for "decades of intermittent detonations." They add that cluster munitions could be a critical factor in determining the outcome of the conflict.

Persons: Vladimir Putin, Putin, they're, Jack Watling, Justin Bronk, Anatolii Stepanov, Bronk Organizations: Getty Images, U.S, Tass, Ukrainian, Cluster Munitions, Washington Post, The Washington Post, Getty, United Nations, Defense, NATO, Royal United Services Institute, Armed Forces, Afp, Kyiv Locations: Russia, Moscow, Kremlin, Ukraine, U.S, Kyiv, Europe, United States, Russian, Lysychansk

☆ Russian forces are running out of the critical radars they need to defeat Ukraine's artillery, UK intel says
▼ + stars: | 2023-07-17 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

Britain's defense ministry said Russian forces likely only have a few key systems remaining. For ground troops to surmount these obstacles means navigating through a slow and deadly process, and Ukrainian forces lack air superiority. "Russian ground forces survivability relies on effectively detecting Ukrainian artillery and striking against it, often with its force's own artillery," Britain's defense ministry said in a Monday intelligence update. According to an analysis by the open-source intelligence site Oryx, at least 38 Russian radars have been destroyed, damaged, or captured in Ukraine. "The priority Popov apparently gave to this problem highlights the continued centrality of artillery in the war," Britain's defense ministry said.

Persons: SERGEY SHESTAK, Ivan Popov, Popov, Caesar, Biden, Jake Sullivan Organizations: Service, High Mobility Artillery Rocket Systems, Getty, Arms Army, CAA, Separate Artillery Brigade, REUTERS, West, Oryx, NATO, National Locations: Ukraine, Russia, Wall, Silicon, Bakhmut, Donetsk, AFP, Ukrainian, Avdiivka, Donetsk region

☆ We know people will come to Prime Day but the question is will they spend, says BMO's Simeon Siegel
▼ + stars: | 2023-07-10 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe know people will come to Prime Day but the question is will they spend, says BMO's Simeon SiegelSimeon Siegel, BM Capital Markets, joins 'Fast Money' to talk Amazon Prime Day and what it could mean for the retailer.

Persons: BMO's Simeon Siegel Simeon Siegel Organizations: BM Capital, Amazon

☆ Cheap Russian drone a menace to Ukrainian troops and equipment
▼ + stars: | 2023-06-28 | by ( Max Hunder | ) www.reuters.com time to read: +6 min

[1/5] View of what appears to be a Lancet drone, in this handout still image released on January 22, 2023. Bendett said that, according to publicly available Russian sources, a Lancet drone costs approximately 3 million roubles (around $35,000). DRONE WARSUkraine has also developed strong capabilities in drones - also known as UAVs (unmanned aerial vehicles) - as a cost-effective way to hit Russian targets. Having fired on a Russian target, Voron said his Grad was immediately targeted by a Russian S-300 missile, which missed by about 150 metres. However, a Lancet drone then appeared in the sky and chased the Ukrainian rocket system.

Persons: Caesar, Bohdan, Samuel Bendett, Bendett, Yuriy Sak, Lancets, it's, Sak, Voron, Grad, Max Hunder, Mike Collett, White, Alex Richardson Organizations: Defence, REUTERS, Reuters, Center, New, New American Security, MISS, Drones, Thomson Locations: Ukraine, Handout, DONETSK, Moscow, Ukrainian, Russian, Avdiivka, Donetsk, frontlines, New American, Russia, Iran, Soviet

☆ Goldman Sachs names the winners and losers of an expected glut in EV battery parts
▼ + stars: | 2023-06-21 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Goldman Sachs expects an oversupply in the global market of battery parts for electric vehicles to have major implications for four major companies. Potential losers The bank's analysts expect POSCO Future M and EcoPro BM, two major Korean cathode producers, to be negatively impacted by this surplus. We thus initiate at Sell on Posco Future M and Ecopro BM," said Goldman Sachs analysts led by Nihil Bhandari in a note on June 12. And winners While Korean cathode manufacturers are expected to face potential margin compression, Korean battery cell makers LG Chem and Samsung SDI are deemed to be in a more favorable position. According to Goldman Sachs, the entry barrier for assembling battery cells is higher than for producing cathodes, making it a less crowded market.

Persons: Goldman Sachs, Nihil Bhandari, Goldman Organizations: Trust Asia, Japan ETF, South Korean, LG Chem, Samsung SDI, Investors, SmartETFs Sustainable Energy, Franklin FTSE Locations: Japan, POSCO, Korean, Franklin FTSE South Korea, South Korea

☆ 6 ways the Russia-Ukraine war could play out in the wake of Ukraine's counteroffensive
▼ + stars: | 2023-06-18 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +10 min

Over a year since Russia invaded Ukraine, there still does not appear to be a clear end in sight. Here are six ways the war could play out and what victory might look like for either side. Russia's war in Ukraine has been raging on for over a year, and there is still no clear end to the conflict in sight. With the largest land war in Europe since 1945 now entering a new phase, here are six ways it could play out. One senior official previously said that a Russian nuclear strike could trigger a "physical response" from NATO.

Persons: —, Volodymyr Zelenskyy, it's, Seth Jones, Mykhalchuk, Jones, SERGEY SHESTAK, Muhammed Enes Yildirim, Putin, He's, Zelenskyy, Vladimir Putin, LUDOVIC MARIN, they've, Spencer Platt, It's, Mark Cancian, Sergei Shoigu, Valery Gerasimov, Scott Peterson, Mark Milley, Eugen Kotenko, Vladimir Putin's Organizations: Service, Center for Strategic, Studies ', Security, Leopard, Getty, Anadolu Agency, Marine, intel, 95th Airborne Brigade, US Joint Chiefs of Staff, Publishing, Getty Images, NATO Locations: Russia, Ukraine, Europe, South Korean, AFP, Donetsk, Crimea, Russian, Ukrainian, Siversk, Luhansk, Zaporizhzhia, West, Kyiv, China

☆ Ukraine is kicking off its big offensive armed with powerful Western tanks and weapons, but breaking Russian lines may be anything but easy
▼ + stars: | 2023-06-08 | by ( Ryan Pickrell | ) www.businessinsider.com time to read: +6 min

The Ukrainians are armed with Western weapons, including tanks and armored vehicles, but they are facing tough Russian defenses. There appear to be Ukrainian offensive operations against Russian defenses in the Zaporizhzhia and Donetsk oblasts, among other locations along the front lines. As some experts have said, the stakes for the Ukrainian offensive are high. Unlike last summer's sweeping offensive around Kharkiv, Ukrainian forces are facing much more heavily defended positions. The think tank added, as Russia makes claims of thwarting Ukraine's offensive, that "the success or failure of this phase may not be apparent for some time."

Persons: —, Klaus, Dietmar Gabbert, Mark Milley, Laurent van der, ISW, Volodymyr Zelenskyy Organizations: Service, Ukrainian, Washington Post, Financial Times, Kyiv hasn't, ABC News, NBC, Institute for, Bundeswehr, Getty Images, US, Joint Chiefs of Staff, CNN, New York Times, 81st Airmobile Battalion, Le Monde, Russian Ministry of Defense, Wall Locations: Ukraine, Donetsk, Russia, Russian, Klietz, Germany, Ukrainian, Kharkiv, Seversk, Novopokrovka

☆ Goldman Sachs likes this Mexican telecom stock to play the country’s red-hot market
▼ + stars: | 2023-06-03 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

The Mexican stock market is in rare form this year. The S & P/BM IPC index, the country's stock market benchmark, is up more than 9% in 2023. Given this backdrop, Goldman Sachs highlighted telecom giant Grupo Televisa as a stock that can outperform going forward. The stock has lagged the broader Mexican market, with U.S.-listed shares rising just 7% year to date. The company's U.S.-listed shares are up about 20% in 2023.

Persons: Goldman Sachs, Goldman, Vitor Tomita, Tomita, — CNBC's Michael Bloom Organizations: U.S, The, Federal Reserve, Grupo Televisa, Televisa, Univision Locations: Mexico, The U.S, U.S, American, financials, 2H22

☆ Omaha man sails into Florida’s imperfect storm
▼ + stars: | 2023-05-09 | by ( Robert Cyran | ) www.reuters.com time to read: +3 min

This imperfect storm suits the Berkshire Hathaway (BRKa.N) CEO’s investing style. Underwriters in the state have been feverishly trying to offload risk following last year’s Category 5 hurricane that was Florida’s deadliest in nearly 90 years. The upside is several billion dollars, Jain said, if Mother Nature turns out to be more forgiving. “If the big hurricane happens in Florida, we could lose – across all the units, we could lose as much as $15 billion. And if there isn’t a loss, we’ll make several billion dollars as profit,” Jain said during Berkshire Hathaway’s annual shareholder meeting in Omaha.

☆ Equinor, partners to invest $9 bln in new gas field off Brazil
▼ + stars: | 2023-05-08 | by ( ) www.reuters.com time to read: +1 min

OSLO, May 8 (Reuters) - Equinor (EQNR.OL) and its partners have decided to invest about $9 billion to develop the BM-C-33 gas and condensate discovery off Brazil Norwegian company said on Monday. The field which is estimated to hold more than one billion barrels of recoverable oil equivalent is expected to start production in 2028. "Gas exported from the project could represent 15% of the total Brazilian gas demand at start-up," Equinor said in a statement. Gas from the offshore field will be directly injected into the national gas grid via a 200 kilometres pipeline landing at the city of Macae in the state of Rio de Janeiro. Equinor has a 35% stake in the project, while Repsol Sinopec (REP.MC)(600028.SS) holds 35% and Petrobras (PETR4.SA) the remaining 30%.

☆ Frontline Ukrainian soldiers say they are running low on ammo and can only fire a few rounds with their most effective guns
▼ + stars: | 2023-04-27 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

A Ukrainian soldier in Bakhmut said they were low on ammunition and had to limit their firing. Officials in Europe are worried Ukraine doesn't have enough supplies to push back Russian forces. Russian troops have been slowly pushing back Ukraine's troops for months, in what commanders on both sides have called a "meat grinder." Another Ukrainian soldier in the area told the BBC that his men had to ration rounds on their L119 light artillery gun. NATO's chief, Jens Stoltenberg, also gave a warning in February that Ukraine was using ammunition faster than its allies could produce it.

☆ After a year of war, Ukraine's military is facing a new test of its resolve, holding the line until key weapons arrive
▼ + stars: | 2023-02-24 | by ( Jake Epstein | ) www.businessinsider.com time to read: +7 min

Military experts told Insider that Russia is pushing forward with an offensive in eastern Ukraine. Putin has a small window to attack before Kyiv receives advanced Western armor, but Ukraine will need to hold out. The challenge for Kyiv's forces will be absorbing assaults by Russia's numerically larger force long enough for more advanced Western tanks and artillery to arrive that could drive the Russians back. The Russians have that same problem, and Ukraine is trying to attack Russia's logistics system to degrade its ammunition stockpiles. Just as the Russians have been trying to exhaust Ukrainian forces, the Ukrainians have been delivering heavy losses to the Russians.

☆ EU top court adviser backs FX borrowers, Polish bank stocks fall
▼ + stars: | 2023-02-16 | by ( Anna Koper | ) www.reuters.com time to read: +3 min

The country's KNF financial watchdog has warned that the banking sector could face a 100 billion zlotys hit in case of an unfavourable ruling. He added that if Polish courts grant remuneration to consumers the additional cost would be similar in the worst case scenario. Hundreds of thousands of Poles took out mortgages in foreign currencies, mainly in Swiss francs, attracted by lower interest rates. Many mortgage holders took banks to court, while banks started offering settlements to find an out-of-court solution. The total stock of foreign currency mortgages in Poland stood at almost 79 billion zloty in December based on the latest available KNF data, with Swiss franc mortgages accounting for over 52 billion zloty.

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