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18.11.2017

Global banks flag concerns over U.S. Senate tax proposal

WASHINGTON (Reuters) - Global banks raised concerns on Friday over a provision in the U.S. Senate tax bill aimed at cracking down on tax avoidance by multinational corporations that they said could...
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18.11.2017

Wells Fargo consumer lending head axed after disparaging regulators: source

NEW YORK/WASHINGTON (Reuters) - Wells Fargo & Co announced on Friday it fired its head of consumer lending, a move that people familiar with the matter said was because he disparaged a bank regulator...
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17.11.2017

China sets sweeping new rules to regulate $15 trillion asset management products

BEIJING (Reuters) - China's central bank on Friday issued sweeping guidelines to tighten rules on asset management business, the latest step by Beijing to fend off systemic risks in the country's...
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17.11.2017

Hedge fund bet on Glencore backfires with $100 million loss

LONDON (Reuters) - London hedge fund giant Lansdowne Partners lost $100 million from a long-term bet against Glencore this year after the spectacular recovery of the miner took some by surprise. ...
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16.11.2017

Barnes & Noble says investor's plan to take it private not 'bona fide'

(Reuters) - Barnes & Noble Inc said on Thursday a deal proposed by an activist investor to take the bookstore chain private was not "bona fide" as its chairman and founder, Leonard Riggio, would not...
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16.11.2017

Mistrial in NY corruption case against union chief, hedge fund executive

NEW YORK (Reuters) - A U.S. judge on Thursday ordered a mistrial in the corruption case against the former head of New York City's correction officers' union and a co-founder of the now-defunct hedge...
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17.11.2017

U.S. junk bond funds post fourth-biggest week of outflows ever: Lipper

NEW YORK (Reuters) - U.S. fund investors walloped high-yield funds with their biggest week of withdrawals since March, Lipper data showed on Thursday.
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16.11.2017

Ex-banker Otting confirmed as U.S. Comptroller of the Currency

WASHINGTON (Reuters) - A former banking executive and associate of U.S. Treasury Secretary Steve Mnuchin was confirmed by the Senate on Thursday to be U.S. Comptroller of the Currency, serving as the...
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16.11.2017

Killing medical tax break will hammer U.S. middle-class seniors

(The writer is a Reuters columnist. The opinions expressed are his own.)
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16.11.2017

U.S. fund investors snub domestic stocks

NEW YORK (Reuters) - U.S. investors dashed into funds that buy stocks outside the country at the fastest pace since July, while pulling money out of domestic equities, Investment Company Institute...
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