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ReutersEU banks vulnerable to real estate 'cracks', says watchdog
Banks in Germany, France and elsewhere in the EU have lent more than 1.4 trillion euros ($1.5 trillion) to the commercial real estate sector, leaving some lenders vulnerable to "cracks" in the market, the bloc's banking watchdog said on Tuesday. In its latest risks report, the European Banking Authority (EBA) said banks faced "elevated uncertainty" from geopolitical factors, with analysts seeing the French parliamentary election as a potential risk. Capital levels are "comfortable", but caution is needed as payouts rise on the back of higher profits, the EBA said.
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The Canadian PressA stampede at a religious event in India has killed at least 60 people, many women and children
LUCKNOW, India (AP) — A stampede among thousands of people at a religious gathering in northern India killed at least 60 and left scores injured, officials said Tuesday, adding that many women and children were among the dead and the toll could rise.
