Hints and tips:
...Most of the extra savings went into gold. At end of 2013, the precious metal amounted to 8.3 per cent of Russia’s FX reserves; by the end of last year it stood at 21.5 per cent....
...“The housing voucher programme gets no cash support from the central bank....
...It also became the principal bank for Russians to stash away retirement savings....
...A lot of people who are dissidents or journalists are really in a tough spot because they don’t have savings. They don’t have access to their savings in Russia and life is really, really difficult....
...But few in finance have embraced tree planting as aggressively as Aspiration, a California fintech that offers online savings products....
...That he probably doesn't have any foreign assets, you know You mean there's not a bank account saying V Putin, the Kremlin. Yeah. But nonetheless, I suppose......
...The FSB's description of the trend (almost) wryly invokes central bank balance sheet expansion, as kind of gold standard of financial asset growth....
...This was disproved by the trial of US v Zarrab et al, in which a Turkish banker and a gold trader were convicted of laundering Iranian oil and gas revenues....
.... ————————– Japan 1980s v China now1....
...It would also hit the real value of household savings, which could drive families to shift cash abroad, possibly triggering a banking crisis....
...“We think most incumbent utilities downplay the earnings risks from solar and battery take-up,” the bank said last year....
...“European miners are priced for a highly optimistic Chinese growth recovery,” Deutsche Bank analysts wrote in a report....
...the central bank’s deliberations....
...Returning to the FSB review, one has to wonder how exactly such money market funds and WMPs are achieving such bank-beating returns....
...But, as we wrote yesterday, the linkages in China’s economy, which we really doubt are all known, make us v wary....
...So, bar going back to our advise about watching the trend and remaining v sceptical about the level, we’re a bit stuck on this old problem....
...So yeah, it’s v probable this ain’t over....
...First is a recent English case, Assenagon v. Anglo Irish Bank....
...This has funding consequences for banks, in so much as savers who might otherwise be inclined to keep funds locked-up in bank savings products de facto force banks into relying more on already leveraged...
...Privatising the state-owned banks was next on the agenda when the BJP-led coalition narrowly lost the 2004 election. Broad-based privatisation will be near the top of Modi’s agenda on May 17th....
...There was no special FSB [security] operation.”...
...HSBC said it will target $2bn to $3bn of additional cost savings....
...Just a week before I met with him, he was sitting across the table from Andrei Burlakov, a businessman involved in a messy dispute over the sale of a stake in Russia’s fifth-largest bank, the Bank of Moscow...
...Clothes are also the biggest casualty of tighter budgets in Europe and Asia, with Europeans making further savings by switching to cheaper grocery brands....
...A judge in Regina v....
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