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Health insurers sink as rising spending gauge alarms investors

Bloomberg Health-insurance stocks sank across the board after Anthem Inc became the third insurer to report it is paying out a higher percentage of the premiums it takes in to cover patients’ medical claims. Investors watch the so-called medical-loss ratio reported by health insurers closely. The number is a key measure of the companies’ financial health; when the ratio goes ...

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Deutsche turnaround fizzles as lower rates loom longer

Bloomberg Just a few weeks into Deutsche Bank AG’s biggest restructuring yet, the complications are already starting. Germany’s largest lender posted the worst second-quarter trading result of the big Wall Street banks. The bottom line was below expectations after a $3.8 billion restructuring charge. In an interview with Bloomberg Television, finance chief James von Moltke signaled that some turnaround targets ...

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EU lenders may face tough laundering rules

Bloomberg European Union (EU) officials called for a further tightening of the bloc’s anti-money laundering rules after identifying a host of failures that led to scandals across the financial system. Banks at times completely ignored requirements to stop illicit financial flows and supervisors were ill-equipped and often slow to deal with the issues, the European Commission said on Wednesday. Handing ...

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