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Deutsche Bank to face regulatory fines over foreign currency trades

  Bloomberg Deutsche Bank AG is expected to be fined by the Federal Reserve and New York’s Department of Financial Services for its conduct in the foreign exchange market, a person familiar with the matter said. The German lender said that the US Justice Department had closed a criminal inquiry into its currency-trading activities without action. But regulators are in ...

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PPG prepares new Akzo bid after $22.4bn failed

  Bloomberg PPG Industries Inc. is preparing a renewed takeover bid for Akzo Nobel NV, according to people familiar with the matter, taking a second run at Europe’s largest coatings company after a previous offer was rejected. Exact details of the new proposal couldn’t immediately be learned. Akzo rebuffed PPG’s unsolicited 20.9 billion-euro ($22.4 billion) takeover bid on March 9, ...

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Common euro bonds can smoothe ECB’s market exit

  The prospect of a halt to the European Central Bank’s bond-buying program at the end of the year removes a powerful bulwark against rising government borrowing costs. Together with the rise of anti-euro parties in Europe, it has also spooked investors. Now, perhaps it’s time to resuscitate the old idea of centralizing bond issuance by all euro members. Spanish ...

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