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Moneta slumps most as GE sells $390mn stake

  AFP Moneta Money Bank AS fell the most in three months after General Electric Co. sold almost a quarter stake in the Czech lender at a discount to the market price. Traded volume surged to more than 20 times the three-month daily average as the stock tumbled 4.6 percent to 76.60 koruna at end of trading in Prague, valuing ...

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RBS resurrects NatWest Markets

  Bloomberg Royal Bank of Scotland Group Plc said it would resurrect the NatWest Markets brand for its investment bank as part of its plan to meet rules designed to prevent a repeat of its 45.5 billion-pound ($59 billion) taxpayer-funded bailout during a financial crisis. RBS will return to the name used by the former NatWest Plc securities unit during ...

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India approves one year extension to SBI head

  Bloomberg India decided to extend Arundhati Bhattacharya’s tenure by one year as the chairman of the country’s largest bank, a finance ministry official said, a move that will allow her to oversee completion of the merger with six smaller banks. Bhattacharya, 60, who was to retire this month, will continue as the chief of the State Bank of India ...

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