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Stock Market & Financial Investment News

News Breaks
December 11, 2013
05:54 EDTLYGLloyds Banking fined record $46M for how it sold products, Reuters reports
In the U.K., the Financial Conduct Authority imposed a record $46M fine on Lloyds Banking Group for the way it encouraged staff to sell products worth GBP 2B that customers didn't need or want, reports Reuters. It was the largest ever fine imposed for failings by a bank in how it sold products to retail customers.Reference Link
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April 16, 2014
07:25 EDTLYGHitachi gathers $4.5B to finance Scotland-London express trains, Bloomberg says
Hitachi (HTHIY) has gathered $4.5B from an array of international institutions to fund its contract to construct 65 high-speed express trains to use on Britainís East Coast rail line between Scotland and London, according to Bloomberg, citing a company spokeswoman. Some of the lenders include the Bank of Tokyo-Mitsubishi, Japan Bank for International Cooperation, HSBC (HSBC), Lloyds Banking (LYG) and the European Investment Bank. Reference Link

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