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Explainer: Why is the U S SEC reforming money market funds?

The U.S. Securities and Exchange Commission (SEC) on Wednesday finalized long-awaited regulations to improve the resilience and transparency of the roughly $5.5 trillion U.S. money market fund industry.

Ex-Goldman banker convicted of insider trading

A former Goldman Sachs banker was convicted of insider trading by a New York jury on Wednesday, after prosecutors said he passed tips about potential mergers to a friend.

US places sanctions on Myanmar s defence ministry, banks

The United States on Wednesday imposed sanctions on Myanmar's defense ministry and two banks used by the ruling military junta to buy arms and other goods from foreign sources.

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