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Systemic risks in linkages between banks and the non-bank financial sector

11/25/2025 European Central Bank Central banks

Linkages between euro area banks and entities in the non-bank financial intermediation (NBFI) sector may lead to the emergence of systemic risk in at least two fields. First, the banking sector receives short-term deposit, repo and debt securities liabilities from NBFI entities. Such liabilities may be prone to flight risk and difficult to substitute. Second, euro area banks provide credit to NBFI entities which follow leveraged investment strategies.

Xi Presses Trump on Taiwan as They Agree to Meet in China in April

11/25/2025 New York Times USA

In an unusual move, Xi Jinping, the leader of China, called President Trump. The two spoke about trade, Taiwan and Ukraine, according to separate official statements.

How BHP blew its mega-deal again

11/25/2025 Financial Times UK

Plus, Bill Ackman prepares an IPO and The Telegraph lands on a buyer

UK regulator digs into WHSmith’s overstated profits

11/25/2025 Financial Times UK

Financial Conduct Authority yet to decide on formal probe into accounting errors at retailer’s US business

ECB scrutinising claims Deutsche Bank underplayed financial risks

11/25/2025 Financial Times UK

Top banking supervisor examining claims by ex-employee about German lender’s use of netting

You can place too much trust in trusts

11/25/2025 Financial Times UK

They need to be carefully constructed to protect your wealth, otherwise they are vulnerable to challenge

Reeves asks banks to praise her plans as they escape Budget tax raid

11/24/2025 Financial Times UK

Chancellor under pressure from some Labour MPs to raise levies on business this week

Russia’s Invasion of Ukraine Prompts Debate Over Europe’s Military

11/24/2025 New York Times USA

With Russia looming, governments race to rebuild armed forces that shrank after the Cold War, grappling with hard issues of economics, politics and military strategy.

Aircraft noise from new runways will hit thousands more homes. Australia needs fairer solutions

11/24/2025 The Conversation News & Comments

Major changes to flight paths are underway across Australia’s three largest cities.

Brisbane’s new runway has already shifted aircraft noise onto suburbs that never experienced it before.

The three spectres hanging over Rachel Reeves’ make-or-break budget

11/24/2025 The Conversation UK

As the UK prepares for the budget announcement, familiar debates are taking shape. Should Chancellor Rachel Reeves cut welfare spending? Or reform the “triple lock” on state pensions?

Other debates focus on revenue: how should she raise money without breaking Labour’s manifesto promise not to increase taxes on working people? But these discussions are being held in a strange vacuum, where the three enormous expenditures that led the UK to this point are not mentioned.

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