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Stock Market & Financial Investment News

News Breaks
June 16, 2014
06:54 EDTCSCredit Suisse, Yorkshire Building Society fined by U.K. watchdog, Reuters says
Britain's Financial Conduct Authority fined Credit Suisse GBP2.4M and Yorkshire Building Society GBP1.4M for not making certain that financial promotions for the Cliquet product were straightforward, fair and not misleading, according to Reuters, citing a statement from the FCA. Reference Link
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August 28, 2014
06:35 EDTCSEuro zone credit crunch showing signs of improving, Reuters says
Loans to the private sector by euro zone banks dropped 1.6% in July versus the same period a year earlier, compared with a year-over-year decline of 1.8% in June, according to Reuters. Meanwhile, the bloc's M3 money supply increased at a 1.8% annual rate in July, versus 1.6% in June, the news service added. The upturn in the data comes after the European Central Bank started charging banks in June to keep their deposits overnight, Reuters added. Publicly traded euro zone banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS). Reference Link

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