tough-message
GE’s finance unit sheds its ‘too big to fail’ designation
June 29, 2016 by creative · Leave a Comment
The move by the Financial Stability Oversight Council was the first time a non-banking firm has been freed from the designation, a product of the financial crash that can trigger stricter oversight and requirements to hold more capital. It was a big victory for GE …
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GE’s finance unit sheds its ‘too big to fail’ designation
tough-message
Deutsche, Santander fail U.S. stress test; Morgan Stanley gets second chance
June 29, 2016 by elegant · Leave a Comment
By David Henry and Patrick Rucker NEW YORK/WASHINGTON (Reuters) – U.S. bank subsidiaries of Deutsche Bank AG and Banco Santander SA yet again failed the Federal Reserve's stress test on Wednesday due to “broad and substantial
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Deutsche, Santander fail U.S. stress test; Morgan Stanley gets second chance
tough-message
EU tells UK single market access requires full free movement
June 29, 2016 by admin · Leave a Comment
LONDON/BRUSSELS (Reuters) – European Union leaders met for the first time without Britain on Wednesday less than a week after it voted to leave, delivering a tough message that London can access the bloc's lucrative single market only if it agrees to allow free movement for EU workers. Last week's shock referendum vote to leave the EU has caused global financial market turmoil, sent the pound sterling tumbling and wiped billions off the value of British shares. Britain's giant financial services sector, roughly 8 percent of economy, …
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EU tells UK single market access requires full free movement