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Russian banks will face tougher conditions in 2024

Location:

RUSSIA

Banking sector profitability surged from RUB199bn (USD2.2bn) in 2022 to around RUB3.3tn in 2023. Rising profitability was generated by robust credit expansion, lower loan…

French and US corporate debt risks are rising

Location:

FRANCE/US

Advanced world corporate debt risks.

Bank profits rise despite credit slump in Argentina

Location:

ARGENTINA

Banking sector performance.

Global minimum tax on corporate profits is going ahead

Location:

INTERNATIONAL

Progress was made on the technical details of Pillar 1, the reallocation of taxing rights from host countries to those where a multinational operates, but US opposition has…

Piketty's critics will shape global inequality debate

Location:

INTERNATIONAL

Inequality debate and empirical findings.

China may use capital controls to stop renminbi fall

Location:

CHINA

Since its peak at 6.29 to the dollar in April, the renminbi has undergone it is the sharpest sustained fall in its history. China downplays the fall, describing it as normal…

A fragile agreement on global tax reform is near

Location:

INT

Political pressure for tax reform has increased as many large tech firms, in particular, have made large profits during the pandemic, and many countries need to raise tax revenues…

Bolivia’s lenders face bad loans and thin profits

Location:

BOLIVIA

Financial system challenges.

Polish banks to stay stable despite Swiss-franc ruling

Location:

POLAND

Banks had hoped to share with borrowers the at-least USD5bn cost of making provision for Swiss franc mortgages. These mortgages were common prior to 2008, due to low interest…

Crisis will cut profits, add risks for Turkish banks

Location:

TURKEY

It was a bid to stabilise the lira. Bank deposit and credit rates have already risen sharply, and credit growth has virtually halted. As Turkey’s economic crisis takes hold, the…