Prodigy Finance secures $750 million funding to expand into new markets finextra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finextra.com Daily Mail and Mail on Sunday newspapers.
This edition of International People Moves covers appointments for broker Gallagher in London, for insurer Tokio Marine HCC - Credit Group in Paris, and
John Muellbauer
During the Covid-19 pandemic, central banks have pushed to the extreme the tools they had created after the Global Crisis: targeted lending, large asset purchases, and negative interest rates (Hartmann and Schepens 2021). This is especially true in the euro area. The balance sheet of the ECB amounts to 60% of GDP, it holds around 25% of public debt of the euro area, and the deposit facility rate is at -0.5% (-1% for targeted long-term refinancing operations, or TLTRO). These measures were useful and necessary to avert deflation both during the 2010s and in the Covid-19 crisis. However, since 2015 the annual inflation rate has been around target only 10% of the time (see Figure 1). Based on its June 2021 forecast, the ECB itself anticipates (after a temporary increase in 2021) an average inflation rate below its 2% target at 1.5% in 2022 and 1.4% in 2023.
(Bloomberg) Credit Suisse Group AG is spinning off star trader Hamza Lemssouguer’s credit fund as it dials back risk after the implosion of Archegos Capital Management and Greensill Capital.The Swiss lender agreed with Lemssouguer that he should take his Arini European Credit fund outside the bank, according to an internal memo seen by Bloomberg. The launch had already been delayed as Zurich-based Credit Suisse re-evaluated its “risk appetite” for using its own cash to seed new funds at its a
Cursos con ECTS, ¿qué son estos créditos? elprogreso.es - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from elprogreso.es Daily Mail and Mail on Sunday newspapers.