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ABN Amro sees quarterly loss after $574m settlement

Bloomberg ABN Amro Bank NV agreed to pay 480 million euros ($574 million) to end a Dutch investigation that found “serious shortcomings” in the lender’s processes to combat money laundering. The amount will be booked in the first quarter and the lender expects a “modest” loss as a result, according to a statement on Monday. As part of the settlement, ...

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Indian defaults spark rules that drag bond sales to 2008 low

Bloomberg Rising defaults have prompted India to tighten oversight of corporate bond sales, causing issuance to slump in a blow to a long-sought goal of expanding the market. Offerings of rupee notes have fallen to 43.8 billion rupees ($584 million) this month, the slowest start to a financial year since 2008. That’s due in part to rules that took effect ...

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Bank of England joins global peers exploring a digital currency

Bloomberg Britain’s Treasury and the Bank of England are weighing the potential creation of a central bank digital currency, joining authorities from China to Sweden exploring the next big step in the future of money. The government and central bank on Monday announced the creation of a task force to coordinate on the possibility of BOE-issued digital money for use ...

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