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Deutsche Bank’s Russian scheme isn’t needed now

  Deutsche Bank, for which fines have become almost a routine expense, has agreed to pay $630 million to end US and UK investigations into a scheme that helped wealthy Russians move $10 billion out of Russia. But those clients have little need for such a channel anymore: Capital outflow from Russia has slowed to a trickle. Between 2012 and ...

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Top banks weigh on Abu Dhabi, other Gulf markets move little

  DUBAI / Reuters Shares in two of Abu Dhabi’s top banks fell on Wednesday after fourth-quarter earnings, while other Middle East markets hardly moved as global equities and oil prices offered little positive impetus. National Bank of Abu Dhabi (NBAD) slid 5.0 percent after posting a fourth-quarter net profit of 1.33 billion dirhams ($362 million), up 28 percent from ...

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European stocks bounce back from 3-day selloff

  Bloomberg European stocks rallied on Wednesday as earnings reports from Siemens AG and Volvo AG boosted industrial shares, while positive data from China and the U.S. helped lift shares most sensitive to economic growth. The Stoxx Europe 600 Index advanced 0.9 percent at the close. The benchmark is rebounding after capping its worst three-day drop since the week before ...

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