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Scottish nationalists seen winning ‘supermajority’

Bloomberg Scottish nationalist parties could win a pro-independence “supermajority” in the May election, according to the latest opinion poll, which shows unionist parties suffering the most from the creation of a new separatist party last month. First Minister Nicola Sturgeon’s Scottish National Party is seen winning 65 seats on May 6, giving it an outright majority of one, according to ...

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China drafts tougher capital rules for too-big-to-fail banks

Bloomberg China’s financial regulators plan to impose additional capital requirements on the nation’s systemically important banks, seeking to curb risks and safeguard stability of the $49 trillion industry. Banks considered too big to fail will be put into five categories and face a surcharge of between 0.25% and 1.5% on top of the mandatory capital adequacy ratios, the People’s Bank ...

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Commerzbank to record $550mn charge for job cuts

Bloomberg Commerzbank AG will post a restructuring charge of 470 million euros ($550 million) in the first quarter for its job-cuts program, adding to about a billion euros of related costs booked previously. The German lender is taking the charge to account for 1,700 job cuts agreed with the works council, it said in a statement. New Chief Executive Officer ...

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