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RBS to close a quarter of its UK branches, drawing criticism

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LONDON British state-owned Royal Bank of Scotland (RBS) said on Friday it will close around a quarter of its branches and cut 680 jobs as it cuts costs and encourages customers to use digital services, drawing criticism from lawmakers. | Video

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British Labour leader Corbyn tells Morgan Stanley: 'We're a threat' 7:33am EST

LONDON Britain's opposition Labour leader Jeremy Corbyn warned Morgan Stanley that bankers are right to regard him as a threat because he wants to transform what he cast as a rigged economy that profits speculators at the expense of ordinary people.

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Factbox: Saudi Arabia's privatization plans 3:40am EST

DUBAI Saudi Arabia has said it aims to raise around $200 billion in the next several years through privatization programs in 16 sectors ranging from oil to healthcare, education, airports and grain milling. It separately wants to raise another $100 billion through the sale of a five percent stake in Saudi Aramco.

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Goldman eschews bitcoin but wants to help clients crypto-trade Nov 30 2017

NEW YORK Goldman Sachs Group Inc is trying to figure out how to cater to investors who want to trade bitcoin even though the digital currency remains too volatile for the Wall Street bank to trade itself, according to comments by a representative and its chief executive officer on Thursday.

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Exclusive: Goldman strengthens Italy foothold with bigger Milan office - sources Nov 29 2017

LONDON Goldman Sachs is poised to sign a lease for a new office in Milan that will significantly boost its presence in Italy as Britain prepares to leave the European Union, sources familiar with the matter told Reuters.

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Seeking stable income, Japan's Nomura returns to private equity Nov 29 2017

TOKYO Nomura Holdings Inc is returning to private equity - a move that comes as it seeks more stable income through consulting services and as Japanese firms increasingly look to divest non-core businesses as part of restructuring plans.

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Goldman Sachs among bidders for Scotiabank's metals unit: sources Nov 28 2017

LONDON Goldman Sachs Group is among around five bidders for ScotiaMocatta, the metals trading arm of Canada's Bank of Nova Scotia , for which it is seeking up to $1 billion, sources with knowledge of the matter told Reuters.

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BlackRock to buy asset management unit of Mexico's Citibanamex Nov 28 2017

NEW YORK BlackRock Inc on Tuesday said it had agreed to buy the asset management business of Mexico's Citibanamex, a subsidiary of Citigroup Inc , in a sign of the growth potential the world's largest asset management sees in the country.

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Goldman calls outcome of upcoming OPEC meeting uncertain Nov 27 2017

The outcome of the OPEC meeting in Vienna later this week is uncertain given current crude prices and a lack of consensus on an output cut extension deal, Goldman Sachs said on Monday.

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Ending NAFTA would hurt growth, competitiveness of United States, Canada: report Nov 27 2017

DETROIT Terminating the North American Free Trade Agreement would harm the U.S. and Canadian economies and reduce their competitiveness versus Asia and Europe, a report issued by the Bank of Montreal said on Monday.

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