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StanChat to review Sudan links post sanctions

  Reuters Standard Chartered will consider whether it can restart correspondent banking relationships with Sudan following the proposed lifting of U.S. sanctions, a senior executive said. Anurag Bajaj, who oversees the British-based lender’s correspondent banking business, where it provides services for other banks, said the bank was reviewing the implications of last month’s move by the outgoing Obama administration to ...

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Bank of France warns voters on cost of Euro exit

  Bloomberg Bank of France Governor Francois Villeroy de Galhau cautioned French voters about the costs of withdrawing from the euro, noting that local interest rates are already rising on concerns about this year’s presidential election. National Front leader Marine Le Pen, who wants to take France out of the single European currency, is on track to place first in ...

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OCBC falls most in 6 months after profit misses estimates

    Bloomberg Oversea-Chinese Banking Corp., Southeast Asia’s second-largest lender, fell the most in six months in Singapore trading after its quarterly profit missed estimates amid a surge in bad-loan provisions. Net income fell 18 percent to S$789 million ($554 million) in the three months to December from a year earlier, the Singaporean bank said on Tuesday in an exchange ...

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