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...The meetings have been held over the past six months with US and European financial institutions including Citigroup and Standard Chartered as well as some local banks, they said....
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...It was taken over in 2012 by Leucadia National Corporation, an oil-to-beef conglomerate, but the merged company pared back its other investments to focus solely on investment banking work....
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...Mark Mason, chief financial officer, told reporters that 7,000 employees had been given notice that their jobs had been eliminated since the reorganisation began, 2,000 more than the bank had previously...
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...Old rules are revised slowly — Reg Q was introduced in 1933 — disadvantaging banks. Third, financial product innovation is a vital enabler....
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...Instead, it will be smaller regional banks that will feel more of this pressure....
...and small banks as merchants gained the ability to steer customers to preferred credit cards....
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...Bank of America, Barclays, Citigroup, Jump Trading, JPMorgan Chase, Morgan Stanley, Tower Research Capital and Wells Fargo are also investing in FMX....
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..., National Ugly Mugs (NUM)....
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...was discussed, people familiar with the matter told the Financial Times....
...They really want to start to solve real financial friction using forms of tokenised real world assets.”...
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