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Big bank headcounts aren’t budging despite job cuts

Bloomberg Pockets of job growth are offsetting some of the dramatic cuts at the world’s largest lenders. Bank of America Corp (Bofa), Wells Fargo & Co, HSBC Holdings Plc and Credit Suisse Group AG added some 12,000 jobs in the first half of the year, according to data compiled by Bloomberg, meaning aggregate staff levels at 16 of the largest ...

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Stocks poised to drop; pound whipsawed on Brexit turmoil

Bloomberg US stocks were poised to drop at the open as Wall Street resumes trading after the long weekend, while equities in Europe and Asia also declined as investors weighed receding chances for fresh China talks this month. Treasuries edged up, while the pound slipped against the dollar as Brexit brinkmanship raised the possibility of an early election in the ...

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Rupee, India stocks begin rocky Sept on growth angst

Bloomberg The rupee hit the year’s lowest level and stocks fell the most in nearly eleven months on concerns that foreign funds may continue to head for the exits amid the slump in economic growth. Sovereign bonds rose as the weak data bolstered bets for deeper interest-rate cuts. The rupee slid as much as 1.4 percent, with the stronger dollar ...

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