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Former Reporter

Three banks are taking a calculated gamble.

This morning a number of large financial institutions have announced their intention to settle with the European Commission over the alleged rigging of Euribor and yen libor lending rates, with banks including Deutsche Bank, RBS and Societe Generale fined a combined €1.7 billion 

Pros and cons of fighting the Euribor settlements

A number of large financial institutions have announced their intention to settle over the alleged rigging of Euribor lending rates, but three banks have refused

Nick Kostov

Giles Turner

JP Morgan

Crédit Agricole

HSBC

Societe Generale

Deutsche Bank

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The appointment rewards the executive who led the bank back from a scandal involving the creation of millions of fake customer accounts.

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The London-based bank said it is well on its way to achieving the target of returning at least $8 billion to shareholders over the three years ending in 2026.

Standard Chartered Quarterly Profit Jumps, Announces $1.3 Billion Buyback

Britain’s Lottie Woad became one of the top players in the world by demolishing professionals while she was still an amateur. Now, she’s ready to start winning majors.

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Robinhood Second-Quarter Revenue Rose on Transaction Sales Growth

Work-to-party founder Adam Neumann liked to say he ran a tech company. WeWork’s new, postbankruptcy marketing chief is tasked with positioning the brand as an old-fashioned office space provider.

WeWork Wants You to Know It’s a Grown-Up Real-Estate Firm Now

Companies have long leaned on entry-level workers to do grunt work that doubles as on-the-job training. Now ChatGPT and other bots can do many of those chores.

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U.S. stock futures and European indexes gained, while the dollar strengthened against the euro, after President Trump announced the trade agreement Sunday.

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The pact imposes a baseline tariff of 15% on the U.S.’s biggest trading partner.

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The president turned a rare visit to the U.S. central bank into political theater that included hard hats and a back slap.

Trump Says He Won’t Fire Powell Despite Bout of Bickering Over Renovation Costs

Company points out early progress on robotaxis and bots, as revenue from electric vehicles plummets.

Elon Musk Tells Tesla Investors to Focus on a Future Filled With Robots

The leaders of America’s chip giants cheered the president’s artificial intelligence orders, which could help boost the domestic semiconductor industry.

Nvidia, AMD CEOs Rally Behind President Trump’s AI ‘Action Plan’

The Davos founder rejected preliminary findings of misconduct, including improper travel expenses and gifts.

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CME Group’s second-quarter earnings and revenue rose sharply as the derivatives-exchange operator benefited from a surge in trading activity due to market volatility.

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The Italian bank lifted earnings and shareholder-distributions guidance after reporting better-than-expected profit, looking to turn the page on its aborted takeover bid for its smaller peer.

UniCredit Upgrades Guidance After Dropping Banco BPM Deal

The Wall Street firm is being investigated over whether it properly vetted its clients for money-laundering risks.

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U.S. stock futures pointed to a flat open after a mixed session on Wall Street Monday, while international equity markets were also mixed so far Tuesday as earnings season sweeps into full gear.

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uGnVZYbQitdl7TUFIC3khEBr0HkHXt4521o3DXEPeO58RDU64xRCfxw1rPlkMewLFhVz9MXfKjzLzcoqXi138tctQOtRZuBoYz74jHSsHuZe2O7o7P1jdFqyW5YXoO++stzROwyLVh4QRKxv6KBRcj79mC7wCfZ29fdXoumi34y2WN+8ATA=

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