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Citigroup to exit broker pact after Morgan Stanley, UBS Group left

Bloomberg Citigroup Inc. is withdrawing from an industry pact designed to allow financial advisers to change companies without being sued by for- mer employers, further unrav- eling the accord after Morgan Stanley and UBS Group AG said they would pull out. “Similar to others in the industry, Citi has decided to exit the protocol,” company spokesman Drew Benson said in ...

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Nordea Bank losing market share in Swedish mortgages

Bloomberg Nordea Bank AB’s Swedish mortgage loan book continued to shrink in November after the biggest Nordic lender saw the first decline in at least 15 years the previous month. The mortgage book fell to 443.5 billion kronor ($54 billion) in November from 444.7 billion kronor in October, according to Statistics Sweden data. The decline acceler- ated to more than ...

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Airbus’ order rush heals big jets selling woes

Bloomberg Airbus SE completed the year gone by doing what it does best: selling its bread-and-butter narrow-body aircraft. The European manufacturer firmed up its biggest-ever order from Indigo Partners for 430 A320 aircraft—a contract that was previously announced— while also unveiling a new deal for 50 re-engined versions of the same jet. All told, the flurry of activity during the ...

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