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Stock Market & Financial Investment News

News Breaks
March 25, 2014
06:21 EDTUBSUBS's Chee returns to work, WSJ reports
According to a source, Joseph Chee, a top IPO banker at UBS in Hong Kong, has returned to work after being put on leave in February amid an internal probe into the hiring of an employee related to the head of Tianhe Chemicals, the Wall Street Journal reports. 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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