China’s central bank has cut its mortgage rate threshold for first-time homeowners by 20 basis points, according to Bloomberg. The minimum mortgage rate is reduced to 20 basis points below the corresponding base loan interest rate, the de facto borrowing reference rate, the People’s Bank of China (PBOC) said in a statement. The five-year LPR, […]
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The Bank Of Spain Warns That Entities Are Facing A New Increase In Bankruptcies And Requests Aid Only For Viable Companies
The Bank of Spain warns that the balance sheet clean-up process that financial institutions have carried out in recent years has come to a halt as a result of the pandemic. Doubtful or failed loans that banks must prevent with provisions that allow absorbing their impact are once again one of the greatest risks to […]
Botín calls in Davos for speed and international cooperation to compete with fintech companies
The president of Banco Santander, Ana BotÃn, considers that digitization represents a “huge opportunity” for the financial sector, although in her speech at the World Economic Forum she underlined the importance of establishing a level playing field to compete with new players for which he has demanded an orderly and rapid solution, including international cooperation, […]
The recovery of the Chinese economy shoots up: it grows 4.9% in the third quarter
In the rebirth of post-covid China, the scare of an economy that contracted by 6.8% in the first quarter of the year, the first fall since the end of the Cultural Revolution in 1976, seems to be left behind. Blockades to curb the coronavirus left the second world power trembling. The factory of the […]