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Posts tagged as “Headlines”

Silicon Valley Bank Hires UK Chairman and Sees Business Boom Despite Tough Macro Outlook

California-based Silicon Valley Bank ( SIVB.O ) ( SVB ) has hired former TSB bank executive Darren Pope as chairman of its newly formed UK branch as it expands its business advisory business on technology deals despite a darkening economy.

Norway Raises Interest Rates to 2.25 Percent, Expect Smaller Increases

Norway’s central bank raised its benchmark interest rate by a widely expected 50 basis points to 2.25 percent on Thursday but said future increases would be “more gradual,” weakening the country’s krone currency.

US Weekly Jobless Claims Rise Modestly as Labor Market Remains Resilient

The number of Americans applying for new jobless benefits rose modestly last week, indicating that the labor market remains tight even as the Federal Reserve sought to cool demand with aggressive tax cuts.

Morgan Stanley to pay $35 million to Settle SEC Allegations of Mishandling Customer Data

A unit of Morgan Stanley has agreed to pay $35 million to settle allegations by the Securities and Exchange Commission that it repeatedly failed to protect the personal information of millions of customers, the regulator said. know on Tuesday.

Wells Fargo Bank To Commission Outsider Racial Value Review In Diversity Push

Wells Fargo and Co (WFC.N) said on Tuesday it would commission an outsider racial value review that will incorporate contributions from both inner and outer partners, as the Wells Fargo bank pushes to help its diversity qualifications.