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Fed tells Bank of Montreal to fight money laundering harder
ReutersNEW YORK (Reuters) - The U.S. Federal Reserve Board said it has told Bank of Montreal to step up efforts to detect and prevent money laundering at the Canadian bank's Chicago branch. The warning puts Bank of Montreal in a growing category of financial...Tags: Office of the Comptroller of the Currency, HSBC Holdings plc, Federal Reserve, Manufacturing and Engineering, Citigroup Incorporated
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GLOBAL MARKETS-Shares fall as Fed officials talk of QE exit
Reuters* Fed officials urge bank to begin stimulus withdrawal * Dollar rises to near 10-month highs * European shares edge back from 5-year highs By David Brett LONDON, May 16 (Reuters) - The dollar held firm near a 10-month high versus a basket of currencies...Tags: Federal Reserve, Globalization
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REFILE-Beyond the reach of banks, Indians targeted by outlaw fund scams
Reuters(Fixes spelling of central bank governor's first name) By Swati Pandey and Sujoy Dhar MUMBAI/KOLKATA, May 17 (Reuters) - Dalia Ghosh, a 28-year-old nurse in the eastern Indian city of Kolkata, invested her savings in an unlicensed fund run by media...Tags: Finance, Realty, National Government, Government, Politics
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Beyond the reach of banks, Indians targeted by outlaw fund scams
ReutersMUMBAI/KOLKATA (Reuters) - Dalia Ghosh, a 28-year-old nurse in the eastern Indian city of Kolkata, invested her savings in an unlicensed fund run by media conglomerate Saradha Group last year, hoping to start her own clothes business. But Saradha went...Tags: Financial and Business Services, Finance, Government, Realty, Politics
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GLOBAL MARKETS-Dollar near 10-mth peak on Fed remarks, Asian shares mixed
Reuters* Dollar index claws higher, hovers near 10-month peak * San Francisco Fed's Williams says Fed may end QE this year * Nikkei and Chinese shares rise; Philippine equities sag * MSCI Asia Pacific ex-Japan edges lower By Masayuki Kitano SINGAPORE, May...Tags: Foreign Exchange Market, Singapore, Germany, Federal Reserve, Stock Market
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Fed's Williams sees cuts to QE3 by summer if jobs market improves
ReutersBy Ann Saphir PORTLAND, Ore, May 16 (Reuters) - The U.S. Federal Reserve could begin easing up on the monetary gas pedal this summer and end its bond buys late this year, a top Fed official said Thursday, citing "good news" on the outlook for jobs....Tags: Economic Indicator, Federal Reserve, Unemployment, Employment, Economic Policy
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US STOCKS SNAPSHOT - Wall St adds to losses after Fed official comments
ReutersNEW YORK, May 16 (Reuters) - U.S. stocks added to declines late in the session on Thursday after a Federal Reserve official's comments that the central bank could begin dialing back its bond-buying program as early as this summer. John Williams,...Tags: Bedford (Bronx, New York), Nasdaq Composite, Financial Markets, Stock Market, Federal Reserve
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GLOBAL MARKETS-Stocks slip, dollar gains on Fed policy remarks
Reuters* Dollar recovers after president of San Francisco Fed speaks * Wall Street drops further but Cisco surges on earnings * Bond prices rise on poor U.S. economic data * Brent oil settles slightly higher By Herbert Lash NEW YORK, May 16 (Reuters) -...Tags: United States Consumer Price Index, NASDAQ, Quarterly or Semiannual Financial Statements, Nasdaq Composite, Financial Markets
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WRAPUP 3-Fed hawks unite in call for retreat from mortgage stimulus
ReutersBy Kristen Hays and Francesca Landini HOUSTON/MILAN, May 16 (Reuters) - A trio of hawkish regional Federal Reserve officials are calling for the U.S. central bank to stop buying mortgage-backed bonds, citing recent improvement in the housing market....Tags: Finance, Banking, Financial Markets, Federal Reserve, Derivative Securities
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China president takes charge of sweeping economic reform plans-sources
ReutersBy Kevin Yao BEIJING, May 17 (Reuters) - Chinese President Xi Jinping has taken charge of drawing up ambitious reform plans to revitalise the economy, sources close to the government said, shunning policy stimulus for fear it could worsen local...Tags: Finance, Political Fundraising, China, Government Debt, Banking
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Central banks saved world economy, now beware the fallout: IMF
ReutersWASHINGTON (Reuters) - Central banks got it right when they saved the world economy, but their unprecedented actions risk disruptive cross-border spillovers and potentially heavy losses when the time comes to reverse course, the IMF said on Thursday....Tags: Finance, International Monetary Fund, Federal Reserve, International Organizations, Japan
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China president takes charge of sweeping economic reform plans: sources
ReutersBEIJING (Reuters) - Chinese President Xi Jinping has taken charge of drawing up ambitious reform plans to revitalize the economy, sources close to the government said, shunning policy stimulus for fear it could worsen local government debt and inflate...Tags: Finance, Political Fundraising, China, Government Debt, Banking
May 17, 2013
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