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Wells Fargo says it's cutting as many as 26,500 jobs
The third biggest US bank has 265,000 employees, meaning the cuts would encompass as much as 26,500 people.
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BlackRock CEO: Market will be higher in 10 years
“The market will be higher in 10 years,” Fink said at Yahoo Finance’s All Market Summit event in New York.
HSBC defends investment banking practice
HSBC defends its investment banking practice after senior staff wrote a scathing memo to the bank's management by senior staff over recent weeks.
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