German insurers set for triple hit if stocks fall, Bundesbank says | live
FRANKFURT, Nov 12 (Reuters) - German insurers are set for a triple whammy if the stock market drops due to their large exposures to investment funds, the Bundesbank said on Thursday. In its Financial Stability Review, the German central bank also warned about lax mortgage-lending standards and insufficient US dollar buffers at the country's largest banks.
FRANKFURT, Nov 12 (Reuters) - German insurers are set for a triple whammy if the stock market drops due to their large exposures to investment funds, the Bundesbank said on Thursday. In its Financial Stability Review, the German central bank also warned about lax mortgage-lending standards and insufficient US dollar buffers at the country's largest banks.
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