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...European Bank for Reconstruction and Development shareholders have agreed a €4bn capital increase that will allow it to double lending to Ukraine, boosting the war-torn country’s economic revival plans....
...A senior executive at a rival European bank operating in Russia said Raiffeisen had been poaching its staff in the country across a range of roles and business lines....
...The increasing co-operation comes as the World Bank and other multilateral development banks are being urged to overcome tight capital constraints and mobilise financial resources to help countries deal...
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...It takes almost four years to enforce contracts in business disputes, among the slowest globally, according to the World Bank. “Is the country better managed than it was decades ago?...
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...division in the country....
...Wealthy countries, including the World Bank’s biggest shareholders, have collectively pumped far more carbon into the atmosphere than the so-called global south....
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...Nationwide, the country’s largest mutual, has attracted ire from campaigners and some of its members in recent weeks who argue that it should put its purchase of Virgin Money to a vote....
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...The reverse scenario occurred five years later in Australia, when the country’s largest bank took a slice from another citrus-branded telecoms player, Tangerine, and its sister company More Telecom....
...Ireland follows a wave of European countries increasing taxes and levies on banks....
...Recent ad hoc efforts for bank windfall taxes at the country level, such as in Italy, to raise funds for depleted government coffers do not help, for instance....
...Central banks around the world are expected to lower borrowing costs as global inflation eases from the multi-decade highs reached in many countries over the past two years....
...Broader negotiations on the finance goals that ministers will hold on the sidelines of the World Bank and IMF meetings are already tense after rich countries repeatedly failed to meet the previous $100bn...
...In response to the violence, several western countries, including the US, UK and France, have imposed financial sanctions and travel restrictions on settlers involved in some of the most extreme violence...
...Raiffeisen Bank generated almost half of its profits from its Russian operations this year despite attempts by the Austrian lender to cut back its business in the country....
...A parliamentary committee found earlier this year that more than 140,000 businesses had their accounts closed by the country’s biggest banks last year....
...One of the deals highlighted by the summit’s host, Kenya’s president William Ruto, was in Burundi, the world’s poorest country, according to World Bank data — and one that was off limits to foreign investors...
...Founded in 2019, the UN-backed NZAOA has 89 members in 19 countries — largely pension funds and insurers — with an aggregate $9.5tn assets under management....
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