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In Brazil, the Beat Goes On for Banking Deals (New York Times)
Banking mergers may be cooling down in the United States, but in Brazil they are just heating up. The state-controlled Banco do Brasil announced Thursday that it was buying a 72 percent stake in Banco Nossa Caixa for 5.4 billion reals, or about $2.25 billion.
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JPMorgan cuts investment banking jobs: sources (Reuters via Yahoo! News)
JPMorgan Chase & Co is cutting 10 percent of its investment banking staff -- about 3,000 jobs -- as the economic slowdown starts to bite into its earnings, people familiar with the situation said on Thursday.
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Chase to cut 3,000 investment banking jobs (BizJournals)
JP Morgan Chase is cutting the 3,000 investment banking positions companywide — about 10 percent of that financial unit — according to reports by Marketwatch and the Daily Telegraph (U.K) newspaper. (JPM)
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Mobile banking's prospects looking better in Asia (Market Watch)
Polillo, a remote island in the northeastern Philippines with poor road infrastructure and no public transport, is set to get a taste of mobile banking long before the developed world does.
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Maybank wins Islamic banking award (The Star)
KUALA LUMPUR: Maybank Islamic has won the Most Outstanding Islamic Retail Banking Award at the KLIFF Islamic Finance Awards 2008.
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JPMorgan cuts investment banking jobs - sources (Reuters via Yahoo! Malaysia News)
NEW YORK, Nov 20 (Reuters) - JPMorgan Chase & Co is cutting about 10 percent of its investment banking staff as the credit crunch and slowdown in the economy bite into bank earnings, people familiar with the situation said on Thursday.
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St Modwen in compliance with banking covenants (ShareCast via Yahoo! UK & Ireland Finance)
St Modwen Properties will be in full compliance with banking covenants at its year-end on 30 November and is trading profitably despite very slow market conditions.
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Report: JP Morgan Chase to cut 3,000 jobs in investment banking (EARTHtimes.org)
New York - JP Morgan Chase will cut about 3,000 jobs in its investment banking division as a result of the global financial crisis, a report said Thursday. The layoffs would hit about 10 per cent of the division and some employees had already been gi...
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St Modwen in compliance with banking covenants (ShareCast)
LONDON (SHARECAST) - St Modwen Properties will be in full compliance with banking covenants at its year-end on 30 November and is trading profitably at the operating level despite very slow market conditions.
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JPMorgan Poised to Cut Investment Banking Staff (New York Times)
Investment bankers at JPMorgan Chase should get their résumés ready. Layoffs appear imminent.
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