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    GOLDMAN RANKS AS TOP ACTIVISM DEFENSE FIRM, BEATING MORGAN STANLEY

    Mar 06, 2020

    Goldman Sachs (GS.N) ranked as the top adviser to companies targeted by activist investors in 2019, dethroning Morgan Stanley (MS.N), which had held the top spot for three straight years, according to Refinitiv data published on Friday. In 2019 Goldman advised on 48 campaigns to capture the top spot...

    REUTERS
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    U.S. CONSUMER FINANCE REGULATOR SEEKS TO PAY WHISTLEBLOWERS FOR TIPS

    Mar 06, 2020

    The head of the U.S. Consumer Financial Protection Bureau (CFPB) said on Friday that she is asking Congress to give the regulator power to pay whistleblowers for tips that help them track down wrongdoers. The authority, which would require legislation, would help the CFPB spot abuses, particularly i...

    REUTERS
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    SIA CALLS IN JP MORGAN FOR POSSIBLE IPO

    Mar 06, 2020

    Italian payments giant SIA has hired JP Morgan as financial advisor for all 'extraordinary transactions' - including a possible IPO. The firm, which is controlled by state lender CDP Equity, confirmed last month that it was beginning the listing process. It said then that it could issue ordi...

    FINEXTRA
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    CONGRESSIONAL REPORT SAYS WELLS FARGO NOT COMPLYING WITH REGULATORY SETTLEMENTS

    Mar 05, 2020

    Wells Fargo is not complying with the terms of multiple settlements related to its sales scandal, according to a Congressional report released on Wednesday that also faulted regulators for failing to aggressively enforce the agreements. The U.S. House of Representatives Financial Services Committee ...

    REUTERS
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    VISA PARTNERS WITH CLINC TO OFFER CLIENTS CONVERSATIONAL AI

    Mar 05, 2020

    Clinc, a Michigan-based conversational artificial intelligence (AI) company, has partnered with Visa to deliver voice capabilities to the payment giant’s banking customers. The firm will serve the banks, credit unions and financial institutions which use Visa’s application programme inte...

    FINTECH FUTURES
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    ING ECONOMIST: THE US HAS MOST TO LOSE IN WAR OF DIGITAL CURRENCIES

    Mar 05, 2020

    The US dollar's position as the unrivalled global currency means it has the most at stake should central banks begin to issue their own digital currencies, according to ING economist Carlos Cocuzzo. "If there's anybody that stands to lose in this game, it's really the US," Cocu...

    FINEXTRA
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    U.S. SEC PROVIDES 'CONDITIONAL' DISCLOSURE RELIEF FOR FIRMS HIT BY CORONAVIRUS

    Mar 04, 2020

    The U.S. Securities and Exchange Commission (SEC) said on Wednesday that it would give companies affected by coronavirus more time to file certain disclosures. The watchdog said companies affected by the outbreak of the flu-like respiratory disease now have an additional 45 days to file certain disc...

    INVESTING.COM
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    WELLS FARGO TO OFFER BANK ACCOUNTS WITH CAPPED OVERDRAFT FEES

    Mar 04, 2020

    Ahead of its scheduled congressional hearings in the coming week, Wells Fargo & Co. debuted the concept of two new bank accounts that set limits on the amount of fees that can be charged to customers. One account will limit overdraft fees to once per month and will come with checks, while the ot...

    PYMNTS.COM
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    U.S. REPO RATE FALLS AFTER FED REPO OPERATION

    Mar 04, 2020

    The interest rate on U.S. overnight repurchase agreements slipped on Friday after an operation conducted by the New York Federal Reserve that parked $75 billion in temporary cash in the U.S. banking system. The overnight repurchases agreement (repo) rate was last USONRP= 1.85%-1.95%, compared with 1...

    REUTERS
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    JP MORGAN LAUNCHES SUSTAINABLE LONG/SHORT FUND

    Mar 03, 2020

    The strategy will emphasise sustainable alpha opportunities emerging from long-term global sustainability themes, such as energy transition, resource efficiency, empowerment, health & wellness, and technology for sustainability. JPMAM believes these sustainable investment themes will lead to con...

    INVESTMENTEUROPE
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    WALL STREET LOSSES DEEPEN AFTER FED EMERGENCY RATE CUT

    Mar 03, 2020

    U.S. stock markets fell sharply on Tuesday on worries that even a half percentage-point cut in interest rates might not be enough to stave off the economic impact of the coronavirus outbreak and halt the worst sell-off in more than a decade. It was the Federal Reserve’s first emergency rate cu...

    REUTERS
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    FISERV BUYS MERCHANTPRO EXPRESS

    Mar 03, 2020

    Fiserv has acquired MerchantPro Express as part of the fintech giant's strategy to build up its merchant services business. Financial terms of the deal were not disclosed. A Fiserv distribution partner since 2009, MerchantPro Express provides processing services, POS equipment and merchant cash ...

    FINEXTRA
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TRENDING NEWS


    SIX AND NASDAQ ESTABLISH MICROWAVE DATA COMPANY

    Apr 07, 2020

    The Swiss Stock Exchange is to establish a jointly owned company with Nasdaq with the aim of building the largest microwave data transmission network in Europe. The new company, RF Nordic Express AB will build and operate microwave routes for the transmission of market data from Stockholm to London....

    FINEXTRA
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    STOCKS - U.S. FUTURES SURGE HIGHER; MORE STIMULUS EYED

    Apr 07, 2020

    U.S. stocks are set to push higher at the open Tuesday, continuing Monday’s strong gains, on tentative signs the spread of coronavirus is slowing as well as talk of more funds to support the battered economy. At 7:00 AM ET (1100 GMT), futures for the S&P 500 traded 89 points, or 3.4%, high...

    INVESTING.COM
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    CRUDE OIL RETREATS ON DOUBTS OVER SUCCESS OF OPEC+ MEETING

    Apr 06, 2020

    Oil markets fell back Monday, as investors reacted with disappointment to the postponement of a meeting of major oil exporters that had been expected to try and balance a flooded market. AT 8:45 AM ET (1245 GMT), U.S. crude futures traded 3.3% lower at $27.38 a barrel, while the international benchm...

    INVESTING.COM
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    DOLLAR COSTS PLUNGE IN FX SWAP MARKETS, STILL ELEVATED ONSHORE

    Apr 06, 2020

    The cost of swapping euros and sterling for dollars in FX swap markets fell on Monday to the lowest in over a decade in a sign of success for central banks' operations, though some other indicators imply money market stress has not wholly dissipated. The swap moves follow a series of policy effo...

    INVESTING.COM
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    SBERBANK AND GOOGLE ORGANISE HANGOUTS FOR BUSINESSES WORKING REMOTELY

    Apr 03, 2020

    Sberbank and Google are to run a series of online business seminars, or Hangouts, to dole out advice to companies running their operations remotely during the Coronavirus clamp down. Small and medium-sized businesses that work in the industries most affected by the spread of Covid-19 will take part ...

    FINEXTRA
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    NATIONWIDE CANS BUSINESS BANKING AMBITIONS

    Apr 03, 2020

    Nationwide has halted plans to enter the business banking market and returned £50 million in RBS bail out money to the Banking Competition Remedies Board. Last May Nationwide was awarded a £50 million grant from the RBS bailout fund to help it move into business banking, matching its own...

    FINEXTRA
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    CREDIT SUISSE SAYS ‘COMPLETE LOSS’ LIKELY FOR BUYERS OF OIL ETN

    Apr 03, 2020

    Credit Suisse (SIX:CSGN) has a message for investors in its triple-leveraged oil ETN: Buy at your own risk. The intraday indicative value of the VelocityShares Daily 3x Inverse Crude exchange-traded notes, or DWTIF, was equal to or less than $0 on Thursday, according to a Credit Suisse statement. As...

    INVESTING.COM
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    /news-article.aspx?ID=74457445

    STOCKS - WALL STREET MANAGES SLIGHT GAINS AFTER LOWER OPEN

    Apr 02, 2020

    U.S. stock markets opened lower but quickly rebounded on Thursday after another record-breaking rise in initial jobless claims underlined the scale of the damage being wrought on the U.S. economy by the Covid-19 pandemic. Another 6.65 million people filed for unemployment benefits last week, over tw...

    INVESTING.COM
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    CRUDE OIL SOARS ON HOPES OF NEW SUPPLY DEAL

    Apr 02, 2020

    Oil markets surged Thursday, amid hopes that the price war between Russia and Saudi Arabia, which has flooded the market with extra supply, may be coming to an end. AT 9:20 AM ET (1320 GMT), U.S. crude futures traded 8.9% higher at $22.12 a barrel, while the international benchmark Brent contract ro...

    INVESTING.COM
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    /news-article.aspx?ID=74417441

    PRIVATE BANKS MAY PROVE PROFITABLE PARTNERS FOR FINTECHS

    Apr 02, 2020

    Hauck & Aufhäuser, one of Germany’s oldest banks, recently announced a partnership with savings marketplace Raisin, integrating the platform’s products into its own ecosystem. This gives the private bank’s customers access to Raisin’s array of savings and investments...

    FINEXTRA
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    STOCKS - DOW SLUMPS AS RISING INFECTIONS TRIGGER FURTHER U.S. LOCKDOWNS

    Apr 01, 2020

    The Dow plunged on Wednesday, a day after suffering its worst first-quarter loss ever, as fears over the Covid-19 pandemic intensified with several states going into lockdown to curb the outbreak. The Dow fell 4.04%, or 885 points. The S&P 500 slipped 4.22% and the Nasdaq Composite fell 3.83%. I...

    INVESTING.COM
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    /news-article.aspx?ID=74377437

    EVO PAYMENTS SECURES $150 MILLION CASH INJECTION AS COVID-19 HITS MERCHANT PROCEEDS

    Apr 01, 2020

    US merchant acquirer EVO Payments has secured a $150 million equity injection to help it navigate through the Coronavirus pandemic. The investment came from funds associated with long-term partner Madison Dearborn, a private equity firm that has been a significant shareholder of the company since 20...

    FINEXTRA
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    /news-article.aspx?ID=74387438

SPOTLIGHT

Chinese Premier Li Keqiang has wrapped up his two-day visit to Chile, bringing an end to his tour of Latin America. During the visit, China and Chile signed a series of bilateral business contracts and government deals, most notably, a three-year currency swap deal worth 22 billion yuan, which makes

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