MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador said on Friday there are two remaining parties bidding to buy the Mexican retail arm of U.S. banking giant Citigroup . Lopez[...]
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Business
BNP Paribas hands its London bankers standardised job titles to ensure transparency
By Sinead Cruise and Stefania Spezzati LONDON (Reuters) – BNP Paribas is introducing titles to grade hundreds of investment bank employees in the UK, a move to ensure a transparent job evaluatio[...]
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U.S. equity funds register biggest weekly outflow in about 1-1/2 years
(Reuters) – U.S. equity funds posted enormous outflows in the week to December 7 as investors fretted over the Federal Reserve’s rate hikes, with data showing a rebound in employment and a[...]
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Global equity funds record biggest weekly outflows in three months
(Reuters) – Outflows from global equity funds in the week ended Dec. 7 hit a three-month high on fears that interest rates could stay higher for longer than expected amid mounting worries about[...]
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Credit Suisse turnaround plan “well underway” after capital hike completed
By John Revill, Lucy Raitano and Pablo Mayo Cerqueiro (Reuters) -Credit Suisse got a positive market reaction on Friday after the embattled bank successfully completed the final part of its 4 billion[...]
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Equity mutual fund inflows fall to 21-month low in Nov on rising rates
By Bharath Rajeswaran BENGALURU (Reuters) – Inflows into Indian equity mutual funds tanked nearly 76% to 22.58 billion Indian rupees ($274.49 million) in November from 93.9 billion rupees in the[...]
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Hedge fund Third Point adds Bath & Body Works stake, seeks board changes
By Svea Herbst-Bayliss NEW YORK (Reuters) -Hedge fund Third Point has built a stake of just over 6% in Bath & Body Works and is pushing for new board members at the retailer, the fund said in a re[...]
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Audacious BlackRock challenge is Bluebell’s David vs Goliath playbook
By Simon Jessop, Nell Mackenzie and Svea Herbst-Bayliss LONDON/NEW YORK (Reuters) – Bluebell Capital Partners’ attempt to oust BlackRock Inc CEO Larry Fink represents the small activist he[...]
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Column-Funding cuts have put U.S. Social Security customer service in crisis mode
By Mark Miller (Reuters) – Call the Social Security toll-free number for assistance these days, and this is the message you will hear: “We are experiencing service issues including poor call qua[...]
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