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Barclays severs ties with clients to boost returns

  Bloomberg Barclays Plc is preparing to tell 7,000 clients to do more trading with the firm or find another bank, the latest move in an industrywide trend of winnowing down customer lists to the ones that produce significant profits. The British bank launched a new computer system, called Flight Deck, this month that ranks every customer of its trading ...

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Goldman warns, China outflows ris in both yuan payments, forex

  Bloomberg China’s capital outflows are accelerating and the central bank is selling larger amounts of foreign exchange, Goldman Sachs Group Inc warned as the yuan headed for its biggest annual decline in more than 20 years. A net $69.2 billion exited the nation in November, compared with a monthly pace of around $50 billion since June, Goldman economists led ...

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Paschi starts share offer as Italy prepares possible rescue plan

  Bloomberg Banca Monte dei Paschi di Siena SpA is attempting to sell shares on the market while the government prepares a plan to inject as much as 15 billion euros ($15.7 billion) into Italian banks should the fundraising fail, according to a person with knowledge of the matter. Italy’s Treasury plans to participate in the share sale, which may ...

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