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Deutsche bank woos buyout giants to finance more deals

Bloomberg Deutsche Bank AG is deploying top executives, as well as billions of dollars, as it seeks to win more business with Wall Street’s most active dealmakers. Chief Executive Officer Christian Sewing and other senior managers at the bank have fanned out in recent weeks to meet leaders of big US private equity firms, looking to strengthen relationships and drum ...

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Goldman conjures $20bn bond trade from ETF boom

Bloomberg Goldman Sachs Group Inc. is using its position in the $800 billion market for exchange-traded bond funds (ETF) to build a business that its Wall Street rivals now want to emulate. The bank has this year almost tripled the volume of ‘‘credit portfolio trades,’’ whereby it buys or sells large scale blocks of securities through ETFs, to around $20 ...

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Barclays ends 100-year-old Africa presence

Bloomberg Barclays Africa Group Ltd. is no more. And with that a chapter closes on its former British parent’s 100-year history on the continent. The lender on Wednesday ditched the name to revert to Absa Group Ltd. as it severs ties with Barclays Plc after the London-based company sold down the controlling stake it bought in 2005. The Johannesburg-based company ...

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