Norinchukin Bank Faces Massive $8.94 Billion Loss Amid Foreign Asset Sell-off

Norinchukin Bank Faces Massive $8.94 Billion Loss Amid Foreign Asset Sell-off
5 months ago

In a striking financial revelation, Norinchukin Bank has reported a staggering loss of $8.94 billion, a figure that underscores the banking giant's struggle amidst unfriendly market conditions and a strategic pivot away from foreign bonds. This significant downturn catalyzed from the bank's decision to liquidate its foreign bond holdings, a move that reflects a broader reaction to fluctuating interest rates and a changing investment landscape.

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Croatia in No Rush for Foreign Bond Sale After Upgrades, PM Says

Croatia in No Rush for Foreign Bond Sale After Upgrades, PM Says
6 months ago

Croatia's Prime Minister said the country was in no rush to enter the foreign bond market despite recent upgrades to its credit rating. Prime Minister Andrej Plenković signaled that Croatia is being extremely careful when it comes to foreign debt after a set of credit confirmations from key ratings agencies.

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