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BOJ jolts financial markets but risk of a bigger shock remains

  Bloomberg An unchanged decision from the Bank of Japan (BOJ) gave global investors a modest jolt Wednesday, leaving the bigger shock of a future policy shift hanging over markets from the yen to Treasuries. Standing pat caught some traders by surprise but is unlikely to douse speculation that the BOJ will normalize policy as inflation in Japan accelerates and ...

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Morgan Stanley, BofA sell $9b of new bonds

Bloomberg Morgan Stanley and Bank of America Corp (BofA) were the first of the big six Wall Street banks to announce bond sales, combining to sell $9 billion of new bonds, as the market gears up for the usual deluge of debt from the US lenders following their respective earnings reports. Morgan Stanley sold $6 billion of new debt in ...

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Fed approves BMO’s $16.3b takeover of Bank of the West

Bloomberg Bank of Montreal (BMO) has received approval from the Federal Reserve to acquire San Francisco-based Bank of the West, a combination that will create the 15th-largest US lender. After the transaction, Bank of Montreal US subsidiary BMO Financial Corp. will have consolidated assets of $286.8 billion, representing about 1% of those held by insured depository institutions in the US, ...

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