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Top News In Finreg Today - Breaking & Trending Today

ASIA It's 'risk off' as Fed floats 'mild recession'

A look at the day ahead in Asian markets from Jamie McGeever. ....

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Bank of England fines former TSB executive over 2018 IT failure

The Bank of England said on Thursday it had fined TSB Bank's former chief information officer Carlos Abarca 81,620 pounds ($102,115) for failing to adequately manage an IT migration in 2018 which led to disruption for millions of customers. ....

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Fed's Daly sees 'good reasons' for more tightening, or a pause

San Francisco Federal Reserve Bank President Mary Daly on Wednesday said that while U.S. economic strength, labor market tightness, and too-high inflation suggest the Fed has "more work to do" on rate hikes, other factors including tighter credit conditions could argue for a pause. ....

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Credit Suisse job cuts must be frozen, Swiss Bank Employees' Association says

Credit Suisse and UBS must freeze any job cuts planned as part of their emergency merger, the Swiss Bank Employees' Association (SBPV) said on Tuesday, in an open letter to the country's parliament. ....

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Explainer: Why European money market funds inflows are lagging behind the US torrent

Investors poured $367 billion into U.S. money market funds in March, according to data provider EPFR, as the collapse of Silicon Valley Bank caused stocks to tumble and called the safety of bank deposits into question. ....

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