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Citi recruits four more for health-care banking

  Bloomberg Citigroup Inc hired four more health-care investment bankers, doubling down on efforts to increase its market share in the sector. The hires were announced in a memo to staff from Chuck Adams, the global head of the health-care, consumer and wellness investment-banking group. Among the changes: Michael Brock, the former strategy officer at Acepodia, joined the bank last ...

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Big Canadian banks unanimously expect a 50-point hike next week

  Bloomberg It’s unanimous: All six of Canada’s major commercial lenders now expect the Bank of Canada to move ahead with a jumbo rate hike next week. Canadian Imperial Bank of Commerce, National Bank of Canada and Toronto-Dominion Bank ramped up their calls for the central bank to raise its policy rate by half a percentage point to 1% at ...

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BOJ’s Kuroda standing firm despite weak yen

Bloomberg Bank of Japan (BOJ) Governor Haruhiko Kuroda won’t change his ultra-low interest rate policy in the coming quarters, even though he’ll come under political pressure to do so over the weak yen, according to one of the country’s former chief currency officials. “The political pressure from the people, parliament and media is going to be a bit higher,” said Hiroshi ...

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