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Calls for HSBC to rethink 'appalling' decision to shut Northallerton branch


A RALLYING cry has gone up from councillors and businesses to oppose “senseless” plans to close Northallerton’s HSBC bank.
Town councillors said they are “mortified” and “appalled” that the bank has announced its High Street branch will close in August.
Councillors have joined with Northallerton BID, which represents more than 200 traders and businesses in the town, in objecting to the plans and calling for a rethink.
Northallerton town councillor Colin Hutson told members at a virtual meeting: “It makes no sense at all.
Hawes, Leyburn and now Northallerton are being closed by HSBC to leave Thirsk with clients from all over North Yorkshire expected to go there, it is absolutely ridiculous. ....

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Harris Associates L.P. Launches Oakmark Bond Fund


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CHICAGO, Dec. 16, 2020 /PRNewswire/ Harris Associates L.P., adviser to the Oakmark Funds and an affiliate of Natixis Investment Managers, announced the launch of the Oakmark Bond Fund. The Fund seeks to maximize both current income and total return by investing in a diversified portfolio of bonds and fixed income securities.
The Bond Fund is the firm s first solely dedicated fixed income product and will serve as an additional way investors can access Oakmark s value investment capabilities.
This is an exciting opportunity to extend the Oakmark investment philosophy into the fixed income arena, said Co-Portfolio Manager Adam Abbas. At a time when technical and other non-fundamental factors increasingly influence debt security prices, we aim to provide our investors a vehicle that will capture fundamental opportunities using a long-term, intrinsic value approach to credit investing. ....

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