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Plus500 dips after revealing dependence on bad bets

Bloomberg Plus500 Ltd., sponsor of Spanish soccer team Atletico Madrid, plunged after the broker revealed how much it has cushioned the blow of new rules with profits from customers’ bad wagers. It also warned 2019 earnings will take a hit. The London-traded company recorded a $56 million trading gain by taking the other side of clients’ bets during the fourth ...

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Deutsche funding costs show struggle to end vicious circle

Bloomberg Deutsche Bank AG is paying some of the highest rates among large banks to raise debt this year, highlighting a key obstacle in the lender’s turnaround effort. Germany’s biggest bank this week sold $1.25 billion of three-year dollar bonds that pay 255 basis points over benchmark interest rates, according to a person familiar with the matter who asked not ...

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Barclays may shell out more money to shareholders

Bloomberg Barclays Plc may unveil plans to pay out more money to shareholders to fend off criticism of its investment-banking performance — and continued pressure from activist Edward Bramson. That’s a growing view among several analysts ahead of the London-based bank’s earnings report on February 21. Returning surplus capital could be part of a “cohesive strategy to improve returns,” said ...

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