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HSBC says to shut down India private banking business

November 27, 2015 by · Leave a Comment 

HSBC Holdings Plc is shutting its private banking unit in India, marking the exit of another foreign bank from the cut-throat wealth management business in Asia's third-largest economy. “After a strategic review of the global private banking operations in India

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HSBC says to shut down India private banking business

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WTO talks stuck again as ministers prepare to meet, Azevedo says

November 27, 2015 by · Leave a Comment 

By Tom Miles GENEVA (Reuters) – World trade talks are deadlocked and ministers are unlikely to find a way out of the impasse when they meet in Nairobi next month, World Trade Organization Director-General Roberto Azevedo said on Thursday. “We clearly

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WTO talks stuck again as ministers prepare to meet, Azevedo says

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Barclays fined for lax crime checks in ‘deal of century’

November 27, 2015 by · Leave a Comment 

By Steve Slater and Huw Jones LONDON (Reuters) – Britain's financial watchdog has fined Barclays 72 million pounds ($109 million) for cutting corners in vetting wealthy customers in order to win a huge transaction described by one senior manager as potentially the “deal of the century.” Barclays arranged the 1.9 billion pound transaction in 2011 and 2012 for a number of rich clients deemed by the regulator to be politically exposed persons (PEPs), or people holding prominent positions that could be open to financial abuse. “Barclays did not follow …

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Barclays fined for lax crime checks in ‘deal of century’