Barclays Heads Out of Africa
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Barclays PLC said Wednesday it will sell a large of chunk of its African unit after regulators signed-off on the long awaited deal.
J.P. Morgan, Bank of America Signal Weaker Trading Results
Executives at the two biggest U.S. banks signaled second-quarter trading is weakening, bringing to a halt a string of strong quarters that have boosted bank results.
Mobile Wallet Paytm Hits Pay Dirt Amid India's Cash Crackdown
The mobile-payments app Paytm has become India's second-most-valuable startup as the country's crackdown on cash over the past year has left citizens and merchants searching for cashless payment alternatives.
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ECB, Athens Clash Over Including Greek Debt in Eurozone QE
Greece's finance minister Euclid Tsakalatos clashed with a top European Central Bank official on Wednesday over the nation's potential inclusion in the ECB's massive bond-purchase program
ECB Urged to Prepare to Reduce Monetary Stimulus
The European Central Bank should start preparing to reduce its massive monetary stimulus as the eurozone economy picks up speed, the bank's two top-ranking German officials said.
BNY Forms Government Securities Unit
Bank of New York said it has formed a new unit to support its growing role in settling trades in the nearly $14 trillion Treasury market.
Big Pension Funds Oppose Election of Six Mylan Directors
A group of institutional investors unhappy over high executive pay at Mylan NV are taking aim at six board members at the EpiPen maker.
Wells Fargo Reinstates Three Executives at Chicago Wealth Branch
Wells Fargo is reinstating three senior executives in Chicago who were suspended amid allegations they inappropriately steered business toward certain individuals in its private-banking unit, after an internal investigation found no disciplinary action was warranted.
Federal Reserve Fines Deutsche Bank $41 Million
The Federal Reserve fined Deutsche Bank AG $41 million for "unsafe and unsound" anti-money-laundering practices on Tuesday, the latest in a series of fines for the lender.
Blackstone Invests in Energy Analytics Firm
Blackstone Group is buying a stake in Entic Inc., a company that uses cloud-based data analytics to identify areas of energy waste in building heat, ventilation, air-conditioning and other systems.
(END) Dow Jones Newswires
May 31, 2017 16:15 ET (20:15 GMT)