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Stock Market & Financial Investment News

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February 13, 2014
05:55 EDTUBSYellen's husband on board of a UBS-funded academic center, WSJ reports
Fed Chairwoman Janet Yellen's husband, George Akerlof, is on the board of the UBS International Center of Economics in Society, an academic center funded by UBS, which will come under closer oversight by the Fed, reports the Wall Street Journal. A Fed spokeswoman said the unpaid board membership should be considered a relationship between Mr. Akerlof and the University of Zurich, not with UBS.Reference Link
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August 28, 2014
06:35 EDTUBSEuro 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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