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Workers head to work at Singapore's central business district on August 23, 2011

Singapore to tighten rules on hiring of foreigners

Monday, September 23, 2013

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Singapore Monday announced tighter rules on the hiring of foreign professional workers, saying companies will from next year have to show proof they first tried to recruit local citizens.

JPMorgan faces new lawsuit over subprime mortgages: report

Tue, Sep 24, 2013

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The US justice department is preparing to file a civil lawsuit against banking giant JPMorgan Chase

The US justice department is preparing to file a civil lawsuit against banking giant JPMorgan Chase over its handling of “subprime” mortgages after settlement talks broke off, the Wall Street Journal said.

BayernLB chief executive to step down

Mon, Sep 23, 2013

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Gerd Haeusler, CEO of Bayern LB attends a press conference in Munich on March 29, 2012

Troubled German regional bank BayernLB said Monday its chief executive Gerd Haeusler is stepping down at the end of the year.

Prudential Financial designated ‘too big to fail’

Fri, Sep 20, 2013

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US regulators named insurer Prudential Financial to its list of "too-big-to-fail" institutions

US regulators on Friday named insurer Prudential Financial to its list of “too-big-to-fail” institutions, the third non-bank placed under a tighter regulatory regime to reduce risks to the financial system.

Prudential Financial designated ‘too big to fail’

Fri, Sep 20, 2013

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US regulators named insurer Prudential Financial to its list of "too-big-to-fail" institutions

US regulators on Friday named insurer Prudential Financial to its list of “too-big-to-fail” institutions, the third non-bank placed under a tighter regulatory regime to reduce risks to the financial system.

RBS sells 20% of insurer Direct Line

Fri, Sep 20, 2013

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The Royal Bank of Scotland (RBS) London headquarters is pictured on February 28, 2013

Britain’s state-rescued Royal Bank of Scotland has sold a further 20 percent of its insurance unit Direct Line Group for £630 million ($1.01 billion, 748 million euros), it said Friday.

Man United announce record £363.2m turnover

Wed, Sep 18, 2013

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Tourists outside Manchester United's Old Trafford ground on October 4, 2004

English football giants Manchester United announced record financial results on Wednesday after a year of rapid commercial expansion.

Parliament approves EU single banking supervisor

Thu, Sep 12, 2013

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Mario Draghi attends a press conference in Frankfurt/Main on September 5, 2013

European lawmakers Thursday agreed the first step in an ambitious EU banking union plan, by transferring the power to supervise the eurozone’s biggest banks to the ECB in a year.

Five years after Lehman: bank regulation incomplete

Thu, Sep 12, 2013

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A Wall Street sign is shown in front of the New York Stock Exchange on February 4, 2013

Five years after Lehman Brothers collapsed, the huge job of preventing the financial sector from bringing down the US economy again remains an unfinished work.

Swiss bury tax fraud hatchet with US, but at what cost?

Tue, Sep 10, 2013

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People walk past a bank on October 13, 2012 in Zurich

Switzerland is racing to end a bitter dispute with Washington over Swiss bank accounts held by US tax dodgers, but observers warn the new-found peace could come at a high cost.

Bank of America to cut 2,100 jobs

Mon, Sep 9, 2013

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A woman leaves a Bank of America on August 7, 2013 in Washington, DC

Bank of America said Monday it would cut 2,100 jobs from its home mortgage unit as a key driver of the business, refinancing, has slowed down with higher interest rates.

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