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Bankers see no Trump bump in bank lending

Bloomberg Bankers advising the Federal Reserve Board said a lack of follow through in the Trump administration’s economic agenda has resulted in slowing credit demand despite high levels of sentiment. “The post-election expectation was that the gain in confidence and financial market deregulation would spur credit creation,” according to minutes released by the Federal Reserve Board of its Sept. 8 ...

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China plans to call for bitcoin exchange halt by month-end

Bloomberg China has notified regional regulators that it aims to stop exchange trading of cryptocurrencies by the end of September, according to people familiar with the matter. The plan was distributed by a People’s Bank of China-led group overseeing Internet finance risks, said the people, who asked not to be named because the information is private. The notice suggests policy ...

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Billionaire Arison sells $930mn stake in Israel’s Bank Hapoalim

Bloomberg Billionaire Shari Arison agreed to sell almost 10 percent of Bank Hapoalim Ltd. in what could become one of the biggest deals in Israel’s financial sector. Arison signed a non-binding agreement to sell 49 percent of her investment and philanthropy arm, Arison Holdings 1998 Ltd., to unidentified North America-based institutional investors and an investment firm, according to a Tel ...

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