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BOE seen raising rates at least once this year

Bloomberg Slower-than-expected UK growth this year won’t stop the Bank of England from at least one interest-rate increase, according to a Bloomberg survey of economists. Output will stutter to 1.4 percent from 1.8 percent in 2017, the median forecast showed, slightly lower than the 1.5 percent previously forecast. Nearly 60 percent of economists see a hike at the August meeting. ...

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Bank of Spain downgrades report on income inequality

Bloomberg The Bank of Spain is debating how to handle an in-house study of wealth and income disparities which risks landing the institution in the middle of a political storm, according to two people familiar with the matter. Rather than publish the analysis in its signature annual report, which carries the stamp of the governor and sets out the official ...

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JPMorgan brings alternative investments to masses

Bloomberg JPMorgan Chase & Co. plans to offer sophisticated investments to a much broader clientele. The bank is slashing requirements to participate in certain alternative investments that its asset management arm once offered mainly to institutions or the ultra rich. That will allow it to accommodate more allocations made through registered investment advisers. The new minimum buy-in will be $100,000, ...

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