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UK banks may gain $14.6bn yearly leaving EU

  Bloomberg The UK’s biggest banks and financial firms could gain an additional 12 billion pounds ($14.6 billion) a year in revenue from Britain leaving the European Union, according to a report from a pro-Brexit lobby group. Leaving the 28-nation trading bloc and ending membership in the EU single market for trade and services would help Britain cut “stifling Brussels ...

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Banks amass $2.4trn hoard of bonds as BofA leads rush

  Bloomberg If the world’s biggest economy is really on the upswing, then why are America’s banks stockpiling a record amount of ultrasafe bonds? After all, jobs are back, the Federal Reserve is close to raising interest rates again and growth has perked up after a sluggish first half. But instead of ramping up lending to keep up with deposits, ...

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Clinton would face a foreign policy two-step

  With most election forecasts pointing towards a victory for Hillary Clinton, her top advisers are beginning to think about how to stabilize a world that has been rocked by the U.S presidential campaign and by recent reversals for American power. The paradox for the Clinton team, if it wins, will be how to signal continuity with an Obama administration ...

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