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Search resuls for: "Florence School of Banking"


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Russia's government has spent around half a trillion rubles since 2020 to fund a program offering mortgages at rates as low as 8%. But that program has ushered a wave of Russians into the nation's real estate market, which has sent property prices soaring. Residential property prices in Russia rose to a fresh record in 2023, according to data from the Bank for International Settlements. AdvertisementRising property prices are largely attributed to increased housing demand over the past few years. The Bank of Russia also reported "signs of overheating" in the mortgage lending market late last year.
Persons: , Russia's, Elvira Nabiullina, Aleksei Kiselev, Kiselev Organizations: Service, Bloomberg, Business, Bank for International, Urban Economics, Bank of Russia, Bank of, Florence School of Banking, Finance, Inflation, Carnegie Endowment, Bank of Russia's Locations: shuttering, Russia, Russian, Bank of Russia
Deutsche swapped billions of euros in securities for cash and government bonds, the sources told Reuters, which count towards its liquidity coverage ratio (LCR). This is meant to determine the extent of a bank's access to ready cash to fund outflows such as depositor withdrawals. The trades caught the attention of European Central Bank (ECB) supervisors, who questioned Germany's largest lender about them during routine exchanges, the sources said. Even without the trades, Deutsche would have far exceeded a 100% LCR regulatory requirement and overshot its own target, the sources said, adding that its liquidity is not a concern. Deutsche's trades helped it raise its LCR to 143% at March 31, its first-quarter earnings report published in April showed.
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