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CNBC: China Closes Hundreds of Banks to Strengthen Its Financial System

China is accelerating the consolidation of smaller, mostly rural banks to bolster its financial system amid persistent concerns over slowing economic growth. Last year,...

Morgan Stanley bank boosts quarterly profit by a third to $3.2...

US investment bank Morgan Stanley increased its third-quarter net profit by 32 percent year-on-year to USD 3.2 billion. The bank said in its earnings...

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