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Fed unleashes higher payouts for banks

Bloomberg Titans of the US banking industry said they will pump out more cash to shareholders after all 18 lenders passed the Federal Reserve’s annual stress tests. The results were a particular win for Deutsche Bank AG after it repeatedly failed past exams. A dozen of the nation’s largest lenders said they will boost payouts through dividends and stock buybacks ...

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RBI spells out concerns over India’s spreading shadow banking crisis

Bloomberg India’s financial regulator has spelled out its concerns about the implications of the country’s spreading shadow banking crisis, saying any failure among the largest of the non-bank finance firms could cause losses comparable to a collapse among the major banks. In its latest Financial Stability Report released, the Reserve Bank of India said the potential losses in the event ...

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Australia banks to rein in uninvited credit, charges

Bloomberg Australian lenders including Commonwealth Bank of Australia pledged to rein in uninvited offers of credit and commission charges after an inquiry that unearthed a string of scandals in the financial sector. The new code of practice, in force from July 1, is designed to increase customer protection and introduces new penalties for breaches, the Australian Banking Association said in ...

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