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StanChart returns to UK retail banking

Bloomberg Standard Chartered Plc (StanChart) will have a British retail banking offering for the first time this century after announcing the launch of a new digital platform for UK savers. The London-based — but Asia-focused — bank said it would launch the Shoal platform, which will allow customers to invest exclusively in green and sustainable projects. The initiative, backed by ...

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NAB full-year profit tops estimates on broad rebound

Bloomberg National Australia Bank Ltd.’s (NAB) full-year profit beat forecasts as the lender continued to ride the wave of a stronger-than-expected recovery in the nation’s economy. Cash earnings climbed to A$6.56 billion ($4.87 billion) in the year ended September 30, compared with A$3.71 billion ($2.73 billion) a year earlier, according to a statement. That beat the A$6.45 billion mean estimate ...

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Global bond rally drags 30-year US yield to lowest since July

Bloomberg Bonds rallied from Europe to the US, with 30-year Treasury yields falling to the lowest since July, a move that was accelerated by traders unwinding their short bets. The 30-year US rate falls as much as 9 basis points to 1.79%, narrowing its gap with five-year yields to 72 basis points, within less than 1 basis point of the ...

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