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New Blog Posts

For better or for worse, the issue of CHF mortgages is blown out of proportion and has become a tri-party football match between the banks, the borrowers and the regulator.

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Kalim Aziz December 17, 2015

Crowd funding websites are the modern day equivalent of this new breed of reality TV shows. Very often the business that gets funded is not the best business, but merely the most popular business. This, is where the parallel ends, however. 

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Michael Sonenshine December 15, 2015

There are two Diamond News In November 2015.

  • A Hong-Kong billionaire bought the world's most expensive diamond for his 7-year-old daughter, Josephine. The 'Blue Moon' diamond was sold for a whopping $48.4 million, making it the world's most expensive diamond.
  • The world's second-largest gem quality diamond has been discovered in Botswana. The 1,111-carat stone was recovered from its Karowe mine and has not been named yet. However, ”Sergio", a black carbonado diamond found in Brazil in 1893 still remains the largest by weight.
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Kateřina Staníková November 24, 2015
  • Czechs hold 80% of their financial assets in bank accounts, the highest figure in Europe
  • Two thirds of these bank deposits are sight deposits, i.e. yielding no money
  • Real estate investment remains the only common alternative.
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Jiří Staník November 21, 2015
  • Volume of mortgage loans has increased more than fourfold since 2014
  • Residential mortgages represent more than a third of total bank loans now
  • Some 18% of households had a mortgage at the end of 2014
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Jiří Staník November 18, 2015

Deutsche Skatbank, in the eastern state of Thuringia, plans to apply a negative rate of interest to current account deposits with balances over EUR 500,000. The bank presumably hopes to nudge savers into other longer-term, less liquid or higher-return investments and make some money by selling these.

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Jiří Staník November 18, 2015