Banking
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SEC Hits Morgan Stanley With $249 Million Fine In Block Trading Probe
Morgan Stanley has agreed to pay $249 million to settle federal investigations surrounding misconduct in its lucrative block trading business. The Securities…
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U.S. Stocks Rose On Wednesday. The Focus Of Investors Now Turns To Inflation Reports And Major Bank Earnings
Following a robust end to 2023 with a powerful surge, stocks have faced challenges in gaining upward momentum in the first days…
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Decoding Wall Street’s Shift: A Closer Look At Wall Street’s Changing Perspective
In a recent survey conducted by the New York Federal Reserve, Wall Street’s major banks have recalibrated their predictions regarding the Federal…
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Banking Reforms: Swiss FINMA Seeks Enhanced Powers Over Executive Pay In Banks
In a significant move to bolster its regulatory framework, Switzerland’s financial watchdog, FINMA, is pushing for the authority to claw back bankers’…
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HSBC’s Canadian Unit Acquired By Royal Bank Of Canada
Royal Bank of Canada (RBC) has secured approval to acquire HSBC’s domestic unit in a deal worth $10.2 billion. This deal will…
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U.S. Stocks Continue To Grind Higher. What To Expect In The Upcoming Days?
U.S. stocks continue to show positive development as market participants analyzed increasing anticipations of interest rate cuts from the Federal Reserve in…
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US Bank Stocks Slide On Fed’s Rate-Cut Dismissal
The US banking sector faced a downward trend on Friday after one of the policymakers from the Federal Reserve curbed market hopes…
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EU Banks Reward Shareholders Despite Economic Uncertainty
European banks are sitting on record levels of protective capital buffers, allowing them to pay out historic high dividends to shareholders despite…
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Standard Chartered Joins e-CNY Pilot Tests, To Offer Digital Yuan Exchange Services
Standard Chartered has joined the trials of Chinese digital yuan, according to an announcement on Monday. The bank’s China division is collaborating…
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Barclays Eyes Tesco Bank Acquisition In Push For Retail Banking Growth
Barclays is exploring a potential acquisition of Tesco’s banking operations. Amidst efforts by the British retailer to minimize its financial services, Barclays…