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BNP wins dismissal of suit over $186mn ‘fat finger’ mistake

Bloomberg BNP Paribas SA won dismissal of a German lawsuit by a trader seeking 163 million euros ($186 million) for a “fat-finger” mistake in a 2015 transaction. The Frankfurt Regional Court on February 26 ruled it can’t look into merits of the case, which involved an error on the bank’s system that displayed derivatives priced at 108.80 euros each instead ...

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Dalton calls for buybacks, board seat at Shinsei Bank

Bloomberg Dalton Investments stepped up its pressure on Shinsei Bank Ltd., continuing a years-long effort to bring change at the Japanese lender. The US investment firm is proposing that its co-founder, Jamie Rosenwald, be put on Shinsei’s board, according to a copy of a letter to Shinsei provided by Dalton to Bloomberg. Dalton also renewed its call for the bank ...

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Euro area has a glimmer of hope as ECB waits for slowdown response

Bloomberg Scratch below the surface of the euro area’s dismal economic numbers and there’s a glimmer of hope that things could improve. While inflation remains in hibernation and factories are seeing orders drop, companies are continuing to hire and consumers are spending more from their rising wages. That’s why European Central Bank officials are showing reluctance to race into action ...

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