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BOE loans banks US$3.5bn in EU vote liquidity

  Bloomberg Banks took 2.46 billion pounds (US$3.5 billion) in the first of three extra liquidity operations the Bank of England is holding this month to shore up funding as the UK considers its future in the European Union. Governor Mark Carney is offering the cash — in exchange for collateral — as a precaution to help ensure the smooth ...

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JPMorgan joins banks with real time payments

  Bloomberg JPMorgan Chase & Co. has joined USA rivals including Bank of America Corp and USA Bancorp in letting customers transfer money between the lenders in real time, challenging ventures including PayPal Holdings Inc’s Venmo. JPMorgan, whose Chase QuickPay product handled US$20 billion in peer-to-peer transfers last year, began offering the service after customers requested it, said Barry Sommers, ...

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Fitting a year’s trash in a jar!

  Bochum / DPA Instead of a vase with fresh flowers on her dining room table, Shia Su has collected the rubbish of the past few months. In a glass jar are a few bottle caps, receipts and window envelopes – you can’t avoid all rubbish, she says. But the jar is big enough to hold an entire year’s worth ...

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