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Reuters: Money

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Channel Title: Reuters: Money
Channel Website: http://www.reuters.com

Channel Description: Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.

 
Hong Kong tribunal fines HSBC private bank $51 million for Lehman-linked products
HONG KONG (Reuters) - A Hong Kong tribunal on Tuesday imposed a record fine of HK$400 million ($51 million) on the private banking unit of HSBC in a case related to the sale of Lehman...
...read more

Rising Medicare costs leave many U.S. seniors with a flat COLA
CHICAGO (Reuters) - Millicent Graves will get a raise from Social Security next year, but her household budget will get worse, not better.
...read more

Economist Dan Ariely has a fix for our financial foibles
NEW YORK(Reuters) - No offense, but you are probably dumb with money.
...read more

Prospect of post-Brexit boom sparks worry as well as celebration in Frankfurt
FRANKFURT (Reuters) - The prospect of bankers pouring into Frankfurt from post-Brexit Britain has worried local residents anxious about the effect on an already dire housing shortage but also...
...read more

Global banks flag concerns over U.S. Senate tax proposal
WASHINGTON (Reuters) - Global banks raised concerns on Friday over a provision in the U.S. Senate tax bill aimed at cracking down on tax avoidance by multinational corporations that they said could...
...read more

Wells Fargo consumer lending head axed after disparaging regulators: source
NEW YORK/WASHINGTON (Reuters) - Wells Fargo & Co announced on Friday it fired its head of consumer lending, a move that people familiar with the matter said was because he disparaged a bank regulator...
...read more

China sets sweeping new rules to regulate $15 trillion asset management products
BEIJING (Reuters) - China's central bank on Friday issued sweeping guidelines to tighten rules on asset management business, the latest step by Beijing to fend off systemic risks in the country's...
...read more

Hedge fund bet on Glencore backfires with $100 million loss
LONDON (Reuters) - London hedge fund giant Lansdowne Partners lost $100 million from a long-term bet against Glencore this year after the spectacular recovery of the miner took some by surprise. ...
...read more

Barnes & Noble says investor's plan to take it private not 'bona fide'
(Reuters) - Barnes & Noble Inc said on Thursday a deal proposed by an activist investor to take the bookstore chain private was not "bona fide" as its chairman and founder, Leonard Riggio, would not...
...read more

Mistrial in NY corruption case against union chief, hedge fund executive
NEW YORK (Reuters) - A U.S. judge on Thursday ordered a mistrial in the corruption case against the former head of New York City's correction officers' union and a co-founder of the now-defunct hedge...
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