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BOE to make new banknotes ‘meat-free’

  Bloomberg The Bank of England (BOE) is searching for a potential solution to the use of animal fat in its new polymer banknote after days of controversy. Innovia, the printer of the five-pound bill, “is now working intensively with its supply chain and will keep the bank informed on progress towards potential solutions,” the central bank said in a ...

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Global bank regulators stick to their guns in rebuff to EU

  Bloomberg Global banking regulators are standing by a key reform of capital rules in defiance of opposition from Europe, potentially complicating efforts to complete work on the post-crisis framework by the end of the year. Basel Committee on Banking Supervision Chairman Stefan Ingves said “good progress” was made during talks in Santiago, Chile, this week and the “contours” of ...

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Switzerland’s 1,000 franc bill among world’s most valuable

  Bloomberg A 53-year-old Swiss man who lost more than 6,000 francs ($5,900) in cash when it fell out of his car has reclaimed it, according to the Zurich police. The man, who hails from eastern Switzerland, was able to reclaim the bundle of large-denomination notes from the city’s lost-and-found office on Wednesday after an 85-year-old pensioner discovered the stash ...

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