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M&A dominates Europe share trading; weak banks offset oil boost

LONDON, Dec 12 (Reuters) - Mergers and acquisitions dominated early European share trading on Tuesday, while strong oil and tech stocks were not enough to offset a decline in banks.

companyNews reuters.com

BRIEF-Pershing Gold Announces Bought Deal Of Us$6.8 Million And Private Placement Of Us$6.8 Million

* PERSHING GOLD ANNOUNCES BOUGHT DEAL OF US$6.8 MILLION AND PRIVATE PLACEMENT OF US$6.8 MILLION

PersonalFinance reuters.com

The write stuff: Life lessons from author James Patterson

NEW YORK (Reuters) - (The writer is a Reuters contributor. The opinions expressed are his own.)

companyNews reuters.com

BRIEF-Blackstone Buys Back 10 Pct Of Logicor From CIC- FT,Citing Sources

* BLACKSTONE BUYS BACK 10 PERCENT OF LOGICOR FROM CIC- FT,CITING SOURCES

technologyNews reuters.com

Philippine bank accuses Bangladesh of heist 'cover-up'

MANILA (Reuters) - The Philippines bank through which $81 million stolen from Bangladesh's central bank was channeled in February 2016 has accused Dhaka's monetary authority of covering up its negligence and demanded that it stop making the bank a "scapegoat."

PersonalFinance reuters.com

Fidelity keeps $2 billion mandate in New York after star manager's departure

BOSTON (Reuters) - A large New York state retirement plan said on Monday it would keep a popular Fidelity tech fund, whose portfolio manager recently left the company after being accused of sexual...

worldNews reuters.com

British banker to appeal against life sentence for Hong Kong double murder

HONG KONG (Reuters) - A British banker, jailed for life in Hong Kong last year for the murder of two Indonesian women he tortured and raped in his luxury apartment, is due to launch an appeal on Tuesday.

companyNews reuters.com

BRIEF-Santander Holdings Announces Pricing Of Private Offering Of Senior Notes

* SANTANDER HOLDINGS USA, INC. ANNOUNCES PRICING OF PRIVATE OFFERING OF SENIOR NOTES

PersonalFinance reuters.com

Marcato says Deckers' rejected offer to settle proxy contest

BOSTON (Reuters) - After months of turning up the heat on Deckers Outdoor Corp, hedge fund Marcato Capital Management recently proposed a settlement that the UGG boot maker rejected, a filing...

PersonalFinance reuters.com

Fidelity fund keeps $2 billion mandate in New York after manager's departure

BOSTON (Reuters) - A popular Fidelity Investments tech fund, whose manager left the company after being accused of sexual harassment, has retained a mandate to manage more than $2 billion for a New...

PersonalFinance reuters.com

Marcato sets condition for Deckers interviewing its nominees

(Reuters) - Marcato said on Monday it was open to a proposal by Deckers Outdoor Corp's board to interview the activist investor's nominees only if the footwear maker was willing to reach a settlement...

companyNews reuters.com

BRIEF-Block One Capital Inc. Announces $5 Million Non-Brokered Private Placement

* BLOCK ONE CAPITAL INC. ANNOUNCES $5,000,000 NON-BROKERED PRIVATE PLACEMENT

PersonalFinance reuters.com

U.S. fund firms make new push for bitcoin ETFs as futures debut

(Reuters) - Fund managers are racing to launch exchange-traded funds (ETFs) based on bitcoin after futures contracts based on the high-flying digital currency began trading on Sunday.

businessNews reuters.com

Hackers hit U.S., Russian banks in ATM robbery scam: report

FRANKFURT (Reuters) - A previously undetected group of Russian-language hackers silently stole nearly $10 million from at least 18 mostly U.S. and Russian banks in recent years by targeting interbank transfer systems, a Moscow-based security firm said on Monday.

companyNews reuters.com

UPDATE 1-Hackers hit U.S., Russian banks in ATM robbery scam-report

FRANKFURT, Dec 11 (Reuters) - A previously undetected group of Russian-language hackers silently stole nearly $10 million from at least 18 mostly U.S. and Russian banks in recent years by targeting interbank transfer systems, a Moscow-based security firm said on Monday.

worldNews reuters.com

Iran will treat jailed aid worker as Iranian citizen-foreign ministry

BEIRUT (Reuters) - Iran will treat a British-Iranian aid worker as an Iranian citizen and she will serve her sentence as determined by the judiciary, Iran's foreign ministry spokesman said on Monday.

PersonalFinance reuters.com

Two fund firms make new push for bitcoin ETFs as futures debut

(Reuters) - Two fund managers are going back to U.S. securities regulators for permission to launch exchange-traded funds (ETFs) based on bitcoin, filings showed on Monday, after futures contracts...

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BRIEF-Excelsior announces private placement of C$26 mln

* NET PROCEEDS OF OFFERING WILL BE USED FOR DEVELOPMENT, CONSTRUCTION, MAINTENANCE OF GUNNISON COPPER PROJECT

businessNews reuters.com

Hackers hit major ATM network after U.S., Russian bank breaches: report

FRANKFURT (Reuters) - A previously undetected group of Russian-language hackers silently stole nearly $10 million from at least 18 mostly U.S. and Russian banks in recent years by targeting interbank transfer systems, a Moscow-based security firm said on Monday.

businessNews reuters.com

Japan's SMBC Nikko poised to poach bankers in push for U.S. growth

TOKYO (Reuters) - Sumitomo Mitsui Financial Group Inc's brokerage unit is ready to poach bankers to expand its U.S. investment banking arm and could even buy small firms if the right target comes up, its chief executive said.

companyNews reuters.com

CANADA STOCKS-TSX slips at open as banks, railways move lower

TORONTO, Dec 11 (Reuters) - Canada's main stock index edged lower in early trade on Monday, with declines in banks and railway stocks offsetting small overall gains for the materials sector.

companyNews reuters.com

BRIEF-Edgewater Wireless Announces Fully Committed Non-Brokered Private Placement

* EDGEWATER WIRELESS ANNOUNCES FULLY COMMITTED NON-BROKERED PRIVATE PLACEMENT

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UPDATE 1-Canadian Solar CEO offers to take company private

Dec 11 (Reuters) - Canadian Solar Inc said on Monday it received a letter from its Chief Executive Shawn Qu to take the company private.

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BRIEF-Laurentian Bank Of Canada says on Dec 5, disclosed issues arising from a review of mortgages that it had sold to a third party purchaser

* Laurentian Bank Of Canada - On Dec 5, co disclosed issues arising from a review of mortgages that it had sold to a third party purchaser

worldNews reuters.com

U.S. citizen on the run after busting out of Bali prison

DENPASAR, Indonesia (Reuters) - Indonesian police are hunting for a U.S. citizen who escaped on Monday from an overcrowded prison on the holiday island of Bali by cutting through steel bars in a ceiling, the jail's second breakout of foreign inmates this year.

technologyNews reuters.com

Mubadala has done 15 to 16 investments in Silicon Valley as part of the Softbank fund

ABU DHABI (Reuters) - Abu Dhabi's state investor, Mubadala [MUDEV.UL], has made 15 to 16 investments in Silicon Valley as part of a partnership with Softbank Group, deputy group CEO, Waleed al-Muhairi, told a conference in Abu Dhabi.

environmentNews reuters.com

China says 8 northern cities failed air quality targets in Oct, Nov

BEIJING (Reuters) - Eight northern Chinese cities failed to meet air quality targets in October and November, even as local authorities launched rigorous steps to cut emissions during the winter, the government said on Monday.

Colleges and Universities nytimes.com

Big Jump in Million-Dollar Pay Packages for Private College Leaders

An annual survey showed that 58 presidents of private colleges earned more than $1 million, while the average pay package rose 9 percent.

topNews reuters.com

Anti-Trump protests wane in Jerusalem, West Bank; flare in Beirut

JERUSALEM (Reuters) - Palestinian protests waned in the occupied West Bank and in the Gaza Strip on Sunday while violence flared near the U.S. embassy in Beirut over U.S. President Donald Trump's decision to recognize Jerusalem as Israel's capital.

businessNews reuters.com

Bangladesh minister says wants to 'wipe out' Manila bank for heist role

DHAKA (Reuters) - Bangladesh's finance minister said late on Saturday he wanted to "wipe out" a Philippines bank that was used to channel $81 million stolen from the Bangladeshi central bank's account with the Federal Reserve Bank of New York last year.

companyNews reuters.com

Boston Herald files for bankruptcy protection to pursue sale

SAN FRANCISCO, Dec 8 (Reuters) - The parent company of the Boston Herald filed for Chapter 11 bankruptcy on Friday and will look to sell the newspaper to Gatehouse Media LLC, a move that underscores the hard times facing traditional print journalism.

PersonalFinance reuters.com

SEC to delay mutual fund disclosures in cybersecurity push

WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission said on Friday it would delay new submissions of portfolio data by mutual funds, as the regulator beefs up its cybersecurity.

businessNews reuters.com

Deutsche Bank can cope with Basel III outcome: CFO in paper

BERLIN (Reuters) - Deutsche Bank is able to cope with the stricter capital rules on banks that were agreed this week, its finance chief told a German paper.

PersonalFinance reuters.com

UBS investment bank head wary on 2018 outlook

ZURICH (Reuters) - The head of Swiss bank UBS's investment banking business gave a cautious outlook for market conditions next year, with fees set to fall again and volatility staying low.

PersonalFinance reuters.com

City of London sticks to Brexit plans despite progress

LONDON (Reuters) - London's financial industry welcomed progress on a divorce deal with the European Union on Friday but said it saw little reason to alter preparations for when Britain leaves the EU.

businessNews reuters.com

JPMorgan, Citi not willing to support launch of bitcoin futures: FT

(Reuters) - Big Banks, including JPMorgan Chase and Citigroup will not immediately clear bitcoin trades for clients once Cboe Global Markets and CME Group start trading futures contracts in the cryptocurrency next week, the Financial Times reported, citing people familiar with the matter.

companyNews reuters.com

BRIEF-First Cobalt Announces $25 Mln Bought Deal Private Placement Financing

* FIRST COBALT ANNOUNCES $25 MILLION BOUGHT DEAL PRIVATE PLACEMENT FINANCING

companyNews reuters.com

UPDATE 1-China imposes record fine on Guangfa Bank over guarantees for defaulted bonds

BEIJING, Dec 8 (Reuters) - China's banking regulator has confiscated illegal income and imposed fines on China Guangfa Bank Co totalling 722 million yuan ($109 million) for providing illegal guarantees for defaulted corporate bonds sold through an Alibaba-backed online finance platform, it said on Friday.

worldNews reuters.com

Zimbabwe court postpones U.S. citizen's subversion case to January

HARARE (Reuters) - A Zimbabwean court has postponed to Jan. 4 the trial of a U.S. citizen accused of attempting to undermine the authority of former Zimbabwean president Robert Mugabe's government.

companyNews reuters.com

China Guangfa Bank fined $109 million for rule violation - regulator

BEIJING, Dec 8 (Reuters) - China's banking regulator has fined China Guangfa Bank Co 722 million yuan ($109.12 million) for providing illegal guarantees for defaulted corporate bonds, it said on Friday.

companyNews reuters.com

BRIEF-Touchstone To Complete A $5 Million Private Placement And Increase 2018 Drilling Program To 10 Wells

* TOUCHSTONE TO COMPLETE A $5 MILLION PRIVATE PLACEMENT AND INCREASE 2018 DRILLING PROGRAM TO 10 WELLS

companyNews reuters.com

UPDATE 1-SoftBank to invest $300 mln in food delivery firm DoorDash - Recode

Dec 7 (Reuters) - SoftBank Group Corp plans to invest around $300 million into DoorDash, a San Francisco-based food delivery startup, Recode reported.

companyNews reuters.com

BRIEF-India's City Union Bank Says Mastercard Reported Improper Debit Card Transactions To Co

* SAYS MASTERCARD RECENTLY REPORTED TO CO CERTAIN SET OF IMPROPER DEBIT CARD TRANSACTIONS

technologyNews reuters.com

SoftBank to invest $300 million in food delivery firm DoorDash: Recode

(Reuters) - SoftBank Group Corp plans to invest around $300 million into DoorDash, a San Francisco-based food delivery startup, Recode reported.

companyNews reuters.com

SoftBank to invest $300 mln in food delivery firm DoorDash - Recode

Dec 7 (Reuters) - SoftBank Group Corp plans to invest around $300 million into DoorDash, a San Francisco-based food delivery startup, Recode reported.

companyNews reuters.com

BRIEF-SoftBank Is Preparing To Invest Around $300 Million Into The Food Delivery Startup Doordash- Recode, Citing Sources

* SOFTBANK IS PREPARING TO INVEST AROUND $300 MILLION INTO THE FOOD DELIVERY STARTUP DOORDASH- RECODE, CITING SOURCES Source text for Eikon: Further company coverage:

companyNews reuters.com

BRIEF-Largo Resources Announces Increase to Private Placement Offering for Maximum Proceeds of $35 Mln

* LARGO RESOURCES ANNOUNCES INCREASE TO PRIVATE PLACEMENT OFFERING FOR MAXIMUM PROCEEDS OF $35 MILLION

companyNews reuters.com

BRIEF-Luther Burbank Corporation Announces Pricing Of Initial Public Offering

* SAYS INITIAL PUBLIC OFFERING OF 12.2 MILLION COMMON SHARES PRICED AT $10.75PER SHARE

businessNews reuters.com

Exclusive: Bangladesh Bank, NY Fed discuss suing Manila bank for heist damages

DHAKA (Reuters) - Bangladesh's central bank has asked the Federal Reserve Bank of New York to join a lawsuit it plans to file against a Philippines bank for its role in one of the world's biggest cyber-heists, several sources said.

PersonalFinance reuters.com

U.S.-based stock ETFs attract $14.6 billion of inflows, largest since June: Lipper

NEW YORK (Reuters) - U.S.-based stock ETFs attracted $14.6 billion of inflows in the week ended Wednesday, their 10th consecutive week of inflows and the largest since June, illustrating investors'...

companyNews reuters.com

BRIEF-Spearmint Announces Private Placement To Further Multiple Projects

* DGAP-NEWS: SPEARMINT ANNOUNCES PRIVATE PLACEMENT TO FURTHER MULTIPLE PROJECTS

companyNews reuters.com

BRIEF-Investors Bank Announces Workforce Reduction And Branch Closures

* INVESTORS BANK ANNOUNCES WORKFORCE REDUCTION AND BRANCH CLOSURES

PersonalFinance reuters.com

Investment funds buy $9.481 billion two-year note in November: U.S. Treasury

(Reuters) - Large investment managers bought $9.481 billion at a 2-year note auction held in November,

technologyNews reuters.com

Deutsche Bank says more regulation of cryptocurrencies needed

BERLIN (Reuters) - More regulation and some degree of security are needed to make cryptocurrencies such as bitcoin a serious new asset class for investors, Deutsche Bank Chief Investment Officer Christian Nolting said.

politicsNews reuters.com

Democratic Senator Franken to resign: CNN, citing sources

WASHINGTON (Reuters) - U.S. Democratic Senator Al Franken will announce his resignation on Thursday, a day after a majority of his Democratic Senate colleagues called for him to step down following a string of sexual misconduct allegations against him, CNN reported on Thursday, citing unnamed sources.

companyNews reuters.com

CANADA STOCKS-TSX rises with banks, energy stocks

TORONTO, Dec 7 (Reuters) - Canada's main stock index ticked higher in early trade on Thursday, helped by gains among its heavyweight financial and energy sectors.

companyNews reuters.com

BRIEF-Molina Healthcare - On Dec 4 Co Entered Commitment Letter With Suntrust Bank And SunTrust Robinson Humphrey

* MOLINA HEALTHCARE - ON DEC 4 CO ENTERED COMMITMENT LETTER WITH SUNTRUST BANK AND SUNTRUST ROBINSON HUMPHREY - SEC FILING

PersonalFinance reuters.com

Gross warns Fed should be 'more cautious' amid investor bond binge

NEW YORK (Reuters) - Influential bond investor Bill Gross of Janus Henderson Investors warned Thursday the Federal Reserve should be "more cautious and easier" in its interest-rate hiking campaign,...

PersonalFinance reuters.com

Retail disruption is nothing compared to gnarly first jobs

NEW YORK (Reuters) - If any industry is in the throes of total disruption right now, it is retail.

PersonalFinance reuters.com

Column: U.S. Republicans sharpen knives for retirement program cuts

CHICAGO (Reuters) - Traditionally, U.S. politicians avoid talking about cutting Social Security and Medicare close to election time.

cnn.com

Is hostile architecture designing people out of cities?

Spiked or sloped benches. Bolts installed on shop doorsteps and windowsills. Water features that operate at surprising intervals on flat surfaces.

businessNews reuters.com

HSBC has 3-year head start on foreign investment banking rivals in China: Gulliver

HONG KONG (Reuters) - HSBC has a three-year head start on its foreign investment banking rivals in China because of the British bank's unique position of having management control of its securities venture there, chief executive Stuart Gulliver said on Thursday.

PersonalFinance reuters.com

Yes, she's judging you: Luvvie Ajayi on writing a bestselling life

NEW YORK (Reuters) - Sometimes in life, the best teachers are not elder statesmen who have been around for decades. Sometimes we can learn the most from young entrepreneurs who are creating something...

companyNews reuters.com

BRIEF-Mercer International Announces Pricing Of Private Offering Of Senior Notes

* MERCER INTERNATIONAL - ‍ANNOUNCED PRICING OF PREVIOUSLY ANNOUNCED OFFERING OF $300 MILLION AGGREGATE PRINCIPAL AMOUNT OF 5.500% SENIOR NOTES DUE JAN 15, 2026​

Sessions, Jefferson B III nytimes.com

Op-Ed Contributor: Tucson’s Police Chief: Sessions’s Anti-Immigrant Policies Will Make Cities More Dangerous

People won’t report crimes if they’re afraid they may become separated from their families.

companyNews reuters.com

CORRECTED-UPDATE 5-Trump lawyer denies Deutsche Bank got subpoena on Trump accounts

FRANKFURT/WASHINGTON, Dec 5 (Reuters) - A U.S. federal investigator probing alleged Russian interference in the 2016 U.S. presidential election asked Deutsche Bank for data on accounts held by people or entities close to President Donald Trump, a person close to the matter said on Tuesday.

PersonalFinance reuters.com

Proxy firm ISS advises shareholders to back Marcato at Deckers

BOSTON (Reuters) - Proxy advisory firm Institutional Shareholder Services on Wednesday suggested shareholders back hedge fund Marcato's choice of directors at Deckers Outdoor Corp, switching its...

PersonalFinance reuters.com

Proxy advisory firm ISS switches Deckers recommendation to Marcato nominees

BOSTON (Reuters) - Proxy advisory firm Institutional Shareholder Services on Wednesday switched its recommendation in one of the season's most hotly contested proxy contests to suggest shareholders...

businessNews reuters.com

Citigroup sees 'high teens' percentage decline in fourth-quarter markets revenue

NEW YORK (Reuters) - Citigroup Inc fourth-quarter markets revenue is on track to be down by a "high-teens" percentage from a year earlier, Chief Financial Officer John Gerspach said on Wednesday.

companyNews reuters.com

BRIEF-Walt Disney CEO Iger Likely To Extend Tenure Past 2019 To Facilitate Integration Of Fox Assets With Disney - CNBC, citing DJ

* WALT DISNEY CO. CEO IGER LIKELY TO EXTEND TENURE PAST 2019 TO FACILITATE INTEGRATION OF FOX ASSETS WITH DISNEY - CNBC, CITING DOW JONES‍​ Further company coverage:

healthNews reuters.com

Home births in rural areas just as safe as in cities

(Reuters Health) - Home births may not be more dangerous for healthy rural mothers than for their urban counterparts, a recent U.S. study suggests.

cnn.com

Bankrupt Toys 'R' Us puts aside $16 million for executive bonuses

PersonalFinance reuters.com

My taxes probably are going up. Are yours?

NEW YORK (Reuters) - No matter what version of the U.S. tax overhaul being considered by Congress becomes law, it looks like I am going to be paying more in taxes next year.

companyNews reuters.com

BRIEF-Prudential Financial Elects To Increase 2047 And 2049 Notes Cap Of Its Private Exchange Offers

* PRUDENTIAL FINANCIAL, INC. ANNOUNCES PRICING TERMS AND ELECTION TO INCREASE THE 2047 NOTES CAP AND THE 2049 NOTES CAP OF ITS PRIVATE EXCHANGE OFFERS OF CERTAIN OUTSTANDING NOTES FOR NEW NOTES

businessNews reuters.com

U.S. Comptroller halts plan to remove in-house bank examiners

WASHINGTON (Reuters) - Bank examiners can continue working inside the banks they supervise, U.S. Comptroller of the Currency Joseph Otting said on Wednesday, in a policy reversal for the U.S. banking regulator.

companyNews reuters.com

MOVES-Houlihan Lokey government services bankers decamp for Baird

WASHINGTON, Dec 6 (Reuters) - Two senior investment bankers specializing in government services, aerospace and defense are departing boutique investment bank Houlihan Lokey Inc for competitor Robert W. Baird, three people familiar with the moves said on Wednesday.

worldNews reuters.com

U.S. asks officials to defer travel to Israel, West Bank to December 20

WASHINGTON (Reuters) - The U.S. State Department issued a cable to all its diplomatic posts worldwide on Wednesday asking its officials to defer non-essential travel to Israel, Jerusalem and the West Bank until Dec. 20 according to a copy of the cable seen by Reuters.

PersonalFinance reuters.com

Study abroad appeals to more U.S. college students, but costs can mount

CHICAGO (Reuters) - While most college seniors are still hoping to land a good job after graduation, Kelsey Berg is set.

PersonalFinance reuters.com

Short-seller Muddy Waters bets against OSI Systems

BOSTON (Reuters) - Carson Block, founder of short-seller Muddy Waters LLC, which gained prominence with a bet against a Chinese timber company, said he is shorting OSI Systems Inc, sending the...

companyNews reuters.com

BRIEF-Bank Of Nova Scotia- Announced Partnerships With Viola Group And Team8

* BANK OF NOVA SCOTIA- ANNOUNCED PARTNERSHIPS WITH TWO ISRAELI TECHNOLOGY COS, VIOLA GROUP AND TEAM8 Source text for Eikon: Further company coverage:

businessNews reuters.com

Exclsuive: China's Xiaomi seeks bank pitches for 2018 IPO - sources

HONG KONG (Reuters) - Chinese smartphone maker Xiaomi Inc has asked banks to pitch next Friday for an initial public offering in 2018, people familiar with the plan told Reuters.

businessNews reuters.com

Exclusive: China's Xiaomi seeks bank pitches for 2018 IPO - sources

HONG KONG (Reuters) - Chinese smartphone maker Xiaomi Inc has asked banks to pitch next Friday for an initial public offering in 2018, people familiar with the plan told Reuters.

businessNews reuters.com

China's Xiaomi seeks bank pitches for 2018 IPO: sources

HONG KONG (Reuters) - Chinese smartphone maker Xiaomi Inc has asked banks to pitch next Friday for an initial public offering in 2018, people familiar with the plan told Reuters.

businessNews reuters.com

Exclusive: Baupost expected to make quick profit in Westinghouse bankruptcy- sources

(Reuters) - Hedge funds led by the Baupost Group LLC are poised to score a $170 million profit in less than three months from a bet tied to Toshiba Corp's bankrupt nuclear unit Westinghouse Electric Corp, according to three people familiar with the matter.

worldNews reuters.com

Australian citizenship threatens government with nine more MPs in doubt

SYDNEY (Reuters) - Australia faces a series of by-elections that could topple the government, which trails in opinion polls and has lost its slender majority, in a bizarre citizenship crisis that has engulfed both sides of parliament.

cnn.com

Official: Blackwater founder proposed private spy network to Trump administration

The founder of the controversial military contracting firm Blackwater, Erik Prince, and his allies lobbied contacts inside the administration to provide the CIA with a private network of intelligence contractors, according to a US official with knowledge of the proposal.

China nytimes.com

Inside China’s Big Tech Conference, New Ways to Track Citizens

The technologies for tracking citizens, and their wide acceptance in China, were on display at the World Internet Conference.

companyNews reuters.com

EMERGING MARKETS-Mexico index rises on bank deal; Brazil's Bovespa dips

(Updates prices, adds details on Mexican stock index) SAO PAULO, Dec 5 (Reuters) - Mexico's S&P/BVM IPC share index rose 0.64 percent on Tuesday, recovering some ground after falling last week to its lowest level since March. Banorte bank pushed the gains, with its shares rising 2.60 percent as it announced that shareholders approved its acquisition of Grupo Financiero Interacciones, a deal that will create the country's second-biggest bank. The Mexican peso weakened in respons

companyNews reuters.com

REFILE-Gold trader says he never liked Turkish banker facing trial

(Refiles to add dropped text in final two paragraphs.) By Brendan Pierson NEW YORK, Dec 5 (Reuters) - A Turkish gold trader testifying for U.S. prosecutors in the trial of an executive at Turkey's state-owned Halkbank, who is charged with helping Iran evade U.S. sanctions, said Tuesday that he and the banker never liked each other. Reza Zarrab, who has pleaded guilty and is cooperating with U.S. prosecutors in the case, also said he had complained about Halkbank deputy ge

PersonalFinance reuters.com

Gundlach says 'strange environment' to be cutting U.S. corporate taxes

NEW YORK (Reuters) - DoubleLine Capital Chief Executive Jeffrey Gundlach, who voted for President Donald Trump, warned on Tuesday that it is a "strange environment" to be cutting U.S. corporate taxes...

companyNews reuters.com

Laurentian Bank discloses 'misrepresentations' on some mortgages

Dec 5 (Reuters) - Canadian lender Laurentian Bank said an audit had found "documentation issues and client misrepresentations" on some mortgages it had sold to another company, triggering the worst one-day selloff in its shares since 2009.

domesticNews reuters.com

Gold trader says he never liked Turkish banker facing trial

NEW YORK (Reuters) - A Turkish gold trader testifying for U.S. prosecutors in the trial of an executive at Turkey's state-owned Halkbank, who is charged with helping Iran evade U.S. sanctions, said Tuesday that he and the banker never liked each other.

politicsNews reuters.com

Trump lawyer denies Deutsche Bank got subpoena on Trump accounts

FRANKFURT/WASHINGTON (Reuters) - A U.S. federal investigator probing alleged Russian interference in the 2016 U.S. presidential election asked Deutsche Bank for data on accounts held by President Donald Trump and his family, a person close to the matter said on Tuesday, but Trump's lawyer denied any such subpoena had been issued.

companyNews reuters.com

UPDATE 5-Trump lawyer denies Deutsche Bank got subpoena on Trump accounts

FRANKFURT/WASHINGTON, Dec 5 (Reuters) - A U.S. federal investigator probing alleged Russian interference in the 2016 U.S. presidential election asked Deutsche Bank for data on accounts held by President Donald Trump and his family, a person close to the matter said on Tuesday, but Trump's lawyer denied any such subpoena had been issued.

companyNews reuters.com

Trump lawyer: Deutsche Bank has not received subpoena for Trump records

WASHINGTON, Dec 5 (Reuters) - A lawyer for U.S. President Donald Trump said on Tuesday that Deutsche Bank has not received any subpoena for financial records relating to the president or his family as part of the special counsel's Russia probe.

companyNews reuters.com

UPDATE 1-Banorte shareholders vote to create Mexico's No. 2 bank

MONTERREY, Dec 5 (Reuters) - Shareholders in Mexico's Banorte on Tuesday approved the acquisition of Grupo Financiero Interacciones, which will create the country's second-biggest bank.

companyNews reuters.com

UPDATE 4-Deutsche Bank gets subpoena from Mueller on Trump accounts -source

FRANKFURT/WASHINGTON, Dec 5 (Reuters) - A U.S. federal investigator probing alleged Russian interference in the 2016 U.S. presidential election asked Deutsche Bank for data on accounts held by President Donald Trump and his family, a person close to the matter said on Tuesday.

PersonalFinance reuters.com

Disrupt This! Innovation ETFs are storming the market

NEW YORK (Reuters) - Amazon.com is disrupting retail. Airbnb is disrupting hotels. Uber is disrupting transportation. Who is going to be disrupted next?

companyNews reuters.com

UPDATE 2-Deutsche Bank gets subpoena from Mueller on Trump accounts -source

FRANKFURT/WASHINGTON, Dec 5 (Reuters) - A U.S. federal investigator probing alleged Russian interference in the 2016 U.S. presidential election asked Deutsche Bank for data on accounts held by President Donald Trump and his family, a person close to the matter said on Tuesday.

companyNews reuters.com

BRIEF-OceanFirst Financial's Unit Gets Regulatory Approval From OCC To Merge With Sun National Bank

* OCEANFIRST FINANCIAL- ON DEC 4, CO'S UNIT GOT REGULATORY APPROVAL FROM OFFICE OF COMPTROLLER OF CURRENCY TO MERGE WITH SUN NATIONAL BANK -SEC FILING Source text : (http://bit.ly/2jgvuSZ) Further company coverage:

companyNews reuters.com

CANADA STOCKS-TSX slips as mining losses offset rising bank stocks

TORONTO, Dec 5 (Reuters) - Canada's main stock index edged lower in early trade on Tuesday as falling copper and other commodity prices weighed on mining stocks while shares of banks pushed higher at the tail end of their earnings season.

politicsNews reuters.com

Deutsche Bank gets subpoena from Mueller on Trump accounts: source

FRANKFURT (Reuters) - U.S. Special Counsel Robert Mueller has asked Deutsche Bank for data on accounts held by President Donald Trump and his family, a person close to the matter said on Tuesday.

PersonalFinance reuters.com

Q&A: Designer Rachel Roy learned to bend so she will not break

NEW YORK (Reuters) - Going from a California teen working in a clothing store to making dresses for Michelle Obama has been quite the trajectory for fashion designer Rachel Roy.

companyNews reuters.com

MOVES- Deutsche Bank, Lombard Odier IM, Zhejiang Rongsheng

Dec 5 (Reuters) - The following financial services industry appointments were announced on Tuesday. To inform us of other job changes, email moves@thomsonreuters.com.

companyNews reuters.com

Scotiabank says BBVA accepts offer to buy stake in BBVA Chile

Dec 5 (Reuters) - Bank of Nova Scotia said on Tuesday that Banco Bilbao Vizcaya Argentaria S.A. (BBVA) has formally accepted its offer to buy the Spanish lender's stake in BBVA Chile for about $2.2 billion.

companyNews reuters.com

BRIEF-Laurentian Bank Financial Group Reports Q4 Adjusted Earnings Per Share C$1.63

* Q4 REVENUE C$268 MILLION VERSUS I/B/E/S VIEW C$258.3 MILLION

politicsNews reuters.com

Deutsche Bank receives subpoena from Mueller on Trump accounts: source

FRANKFURT (Reuters) - Special Counsel Robert Mueller has asked Deutsche Bank to share data on accounts held by U.S. President Donald Trump and his family, a person close to the matter said on Tuesday.

companyNews reuters.com

Deutsche Bank receives subpoena from Mueller on Trump accounts -source

FRANKFURT, Dec 5 (Reuters) - Special Counsel Robert Mueller has asked Deutsche Bank to share data on accounts held by U.S. President Donald Trump and his family, a person close to the matter said on Tuesday.

companyNews reuters.com

BRIEF-Bank Of Nova Scotia Says BBVA Accepted Scotiabank's Offer To Buy 68.19 Pct Ownership In BBVA Chile For About $2.2 Bln

* BANK OF NOVA SCOTIA-BBVA ACCEPTED SCOTIABANK'S OFFER TO BUY ITS 68.19 PERCENT OWNERSHIP IN BBVA CHILE, FOR ABOUT $2.2 BILLION ​

companyNews reuters.com

BRIEF-BBVA Accepts Offer From Bank Of Nova Scotia Over BBVA Chile

* SAYS ACCEPTED OFFER AND ENTERED INTO SALE AND PURCHASE AGREEMENT WITH BANK OF NOVA SCOTIA Source text for Eikon: Further company coverage: (Gdynia Newsroom)

companyNews reuters.com

Russia's Promsvyazbank says it sold asset worth 8 bln roubles

MOSCOW, Dec 5 (Reuters) - Promsvyazbank (PSB), one of Russia's biggest private lenders, said on Tuesday its N1.1 capital ratio was expected to reach 7.4 pct as of January 1, 2018 after it sold an asset worth 8 billion roubles.

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Australia, citing concerns over China, cracks down on foreign political influence

SYDNEY (Reuters) - Australia, concerned about rising Chinese influence, will ban foreign political donations as part of a crackdown aimed at preventing external interference in domestic politics, Prime Minister Malcolm Turnbull said on Tuesday.

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BRIEF-Valeant Announces Pricing Of Private Offering Of Senior Notes

Dec 4 (Reuters) - Valeant Pharmaceuticals International Inc :

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BRIEF-Independent Bank Corp To Acquire Traverse City State Bank For About $63.24 Mln

* INDEPENDENT BANK CORPORATION ANNOUNCES AGREEMENT TO ACQUIRE TRAVERSE CITY STATE BANK

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BRIEF-Redzone Resources Ltd. Announces Increase In Private Placement

* REDZONE RESOURCES LTD. ANNOUNCES INCREASE IN PRIVATE PLACEMENT

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Democrat takes aim at controversial capital rule disliked by big U.S. banks

NEW YORK, Dec 4 (Reuters) - A Democratic U.S. senator wants to free the biggest U.S. lenders from having to hold capital against certain assets held at central banks, according to a document viewed by Reuters and a person familiar with it.

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Turkish banker says U.S. prosecutors withheld evidence

NEW YORK, Dec 4 (Reuters) - Lawyers for a banker at Turkey's state-owned Halkbank who is charged with scheming to violate U.S. sanctions against Iran accused U.S. prosecutors of withholding evidence that might help exculpate their client. They said this included gold trader Reza Zarrab's alleged willingness to lie in exchange for leniency. In a letter on Monday to U.S. District Judge Richard Berman in Manhattan, lawyers for Mehmet Hakan Atilla said prosecutors on Saturday even

PersonalFinance reuters.com

Fidelity clients suffer second website glitch in week

BOSTON (Reuters) - For the second time in a week, some clients at Fidelity Investments could not access their online accounts at the powerhouse retail trading brokerage on Monday morning in a glitch...

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Bank stocks favored over tech as tax bill makes headway

(Reuters) - Wall Street indexes rose on Monday as Republican-led efforts to slash corporate tax rates cleared a major hurdle, with investors picking stocks that have lagged for much of the year including shares of financial and industrial companies.

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US STOCKS-Bank stocks favored over tech as tax bill makes headway

* Indexes up: Dow 0.99 pct, S&P 0.42 pct, Nasdaq 0.54 pct (Changes comment, adds company details, updates prices)

PersonalFinance reuters.com

Fidelity says some customers cannot access accounts

BOSTON (Reuters) - Fidelity Investments said on Monday some of its clients could not access their accounts on the company's website, the second time in a week that the large online brokerage operator...

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Shares of big U.S. banks jump as Senate approves tax overhaul

(Reuters) - Shares of the biggest U.S. banks rose on Monday, after the Senate approved a tax overhaul bill on Saturday, raising investor hopes that their earnings would get a boost from a significantly lower tax bill.

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BRIEF-DMG, Aim Upsize To Private Placement, Investment From Element Fleet Management

* DMG BLOCKCHAIN SOLUTIONS INC. AND AIM EXPLORATIONS LTD. ANNOUNCE UPSIZE TO PRIVATE PLACEMENT AND STRATEGIC INVESTMENT FROM ELEMENT FLEET MANAGEMENT CORP.

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Shares of big U.S. banks rise as Senate approves tax overhaul

(Reuters) - Shares of the biggest U.S. banks were higher after the Senate approved a tax overhaul bill on Saturday, which will provide significant tax cuts for businesses.

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BRIEF-Redzone Announces Appointment Of Director And Private Placement

* REDZONE ANNOUNCES APPOINTMENT OF DIRECTOR AND PRIVATE PLACEMENT

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Special Report: Hidden peril awaits China's banks as property binge fuels mortgage fraud frenzy

SHANGHAI/HONG KONG/BEIJING (Reuters) - When Zhu Chenxia bought a flat early last year from Lei Yarong in the up-market Nanshan district of China's southern metropolis of Shenzhen, the two women drew up three purchase agreements to cover the deal.

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Odinga advisor arrested on suspicion of inciting violence, Kenya police say

NAIROBI (Reuters) - A prominent strategist for Kenya's opposition who has strongly criticized President Uhuru Kenyatta and called for some parts of the country to secede was arrested on Sunday on suspicion of inciting violence, police said on Monday.

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French bank Natixis bets on fixed-income, equity derivatives to grow Asia sales

HONG KONG (Reuters) - Natixis SA aims to boost Asia's share of its corporate and investment banking sales to more than 15 percent over the next couple of years, as the French bank expands in areas such as fixed-income and equity derivatives, its chief executive said.

companyNews reuters.com

BRIEF-Inuitive and SoftBank to Collaborate on AI and IoT

* SOFTBANK GROUP CORP SAYS CO'S UNIT AND INUITIVE LTD AGREED TO COLLABORATE THROUGH DEVELOPMENT OF AI, DEEP LEARNING AND ADVANCED 3D SENSING Source text for Eikon: Further company coverage:

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Confusion reigns as banks scramble to price FX, bond research under EU markets revamp

LONDON (Reuters) - How much are you worth? For the FX and bond analysts covering the world's biggest markets, how much to charge for their time and research remains in question just a month away from sweeping new rules that require fund managers to pay for these services.

Syria nytimes.com

Help Assad or Leave Cities in Ruins? The Politics of Rebuilding Syria

Ravaged areas in the city of Homs, which look as if punched by a giant, are a testament to President Assad’s ruthless tactics, and to the enormous task, costs and political calculation of rebuilding.

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Qatar riyal stabilising in offshore market after c.bank pledge on dollar supply

DOHA, Dec 3 (Reuters) - Qatar's riyal is stabilising in offshore trade, recovering from several weeks of increasing volatility, after the central bank pledged to ensure liquidity in the foreign exchange market, commercial bankers said on Sunday.

Federal Taxes (US) nytimes.com

Tax Bill Offers Last-Minute Breaks for Developers, Banks and Oil Industry

In Senate Republicans’ mad dash to rewrite the tax code, lawmakers added loopholes for the wealthy and tightened deductions for middle-income workers.

PersonalFinance reuters.com

Advisory firms split on Deckers' proxy contest vote

(Reuters) - Two proxy advisory firms on Friday weighed in on one of the year's most bitter proxy battles with one backing UGG boot maker Deckers' management and the other giving partial support to...

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BRIEF-Bryn Mawr Bank Corp Receives Regulatory Approval For The Acquisition Of Royal Bancshares Of Pennsylvania

* BRYN MAWR BANK CORPORATION RECEIVES REGULATORY APPROVAL FOR THE ACQUISITION OF ROYAL BANCSHARES OF PENNSYLVANIA, INC.

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BRIEF-Kesm Transaction Solutions Says Acquired In A Private Transaction, Ownership And Control Over 35.8 Mln Shares Of Ackroo Inc

* KESM TRANSACTION SOLUTIONS SAYS ACQUIRED IN A PRIVATE TRANSACTION, OWNERSHIP AND CONTROL OVER 35.8 MILLION SHARES OF ACKROO INC

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Turkish gold trader testifies on bank executive's role in sham food sales

NEW YORK (Reuters) - A Turkish-Iranian gold trader testifying for U.S. prosecutors in a New York court on Friday gave his most detailed account yet of how he claims an executive of Turkey's state-owned Halkbank devised key parts of a plan to launder money for Iran through fake food sales.

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Turkish gold trader testifies on bank exec's role in sham food sales

By Brendan Pierson NEW YORK, Dec 1 (Reuters) - A Turkish-Iranian gold trader testifying for U.S. prosecutors in a New York court on Friday gave his most detailed account yet of how he claims an executive of Turkey's state-owned Halkbank devised key parts of a plan to launder money for Iran through fake food sales. The executive, Mehmet Hakan Atilla, is on trial on charges that he took part in a scheme to violate U.S sanctions against Iran. The gold trader, Reza Zarrab, ple

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Hedge fund Tudor shuts one portfolio; Jones to play bigger role

BOSTON (Reuters) - Paul Tudor Jones, one of Wall Street's most prominent investors, is restructuring his Tudor Investment Corp. by liquidating one portfolio and planning to play a bigger role in...

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Mednax fielding takeover interest from buyout firms: sources

(Reuters) - Mednax Inc, a U.S. healthcare network operator targeted by activist hedge fund Elliott Management Corp, is fielding acquisition interest from several private equity firms, according to...

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Exclusive: Mednax fielding takeover interest from buyout firms - sources

(Reuters) - Mednax Inc, a U.S. healthcare network operator targeted by activist hedge fund Elliott Management Corp, is fielding acquisition interest from several private equity firms, according to...

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LPC: US private equity lending hits record levels

NEW YORK, Dec 1 (Reuters) - Lending to US private equity-owned companies hit a record high of US$588bn at the end of November, despite regulators’ attempts to cool the market and a lack of jumbo deals, and is expected to climb further before the end of the year.

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CANADA STOCKS-TSX edges up as energy, bank stocks gain; miners weigh

TORONTO, Dec 1 (Reuters) - Canada's main stock index edged higher on Friday as banks and energy companies gained with higher oil prices and surprisingly robust domestic jobs data, while gold mining stocks pulled back.

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'Clash of Clans' maker Supercell banks on few games

HELSINKI (Reuters) - "Clash of Clans" maker Supercell will focus on a few mobile games and kill off those which it does not expect to become a top-10 global hit, its chief executive said on Friday.

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CANADA STOCKS-TSX flat as miner losses offset by energy, bank gains

TORONTO, Dec 1 (Reuters) - Canada's main stock index was little changed in early trade on Friday, as losses among gold miners and other materials stocks were offset by gains for energy and bank stocks with higher oil prices and after surprisingly robust domestic jobs data.

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UPDATE 1-China's CITIC closes $1.1 bln Brazil takeover, sees more ahead

RIBEIRÃO PRETO, Brazil, Dec 1 (Reuters) - China's CITIC Agri Fund said on Friday it had completed its $1.1 billion acquisition of Dow Chemical Co's corn seed business in Brazil, a potential vehicle for future purchases in Latin America.

Comedy and Humor nytimes.com

An Upright Citizens Brigade Theater Closes With Filthy Fanfare

The Chelsea space gets an appropriate send-off — an improv marathon complete with dance party and Dumpster comedy — before the group moves to Hell’s Kitchen.

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BRIEF-National Bank Reports Q4 Earnings Per Share Of $1.39

* NATIONAL BANK REPORTS ITS RESULTS FOR THE FOURTH QUARTER AND YEAR-END OF 2017 AND RAISES ITS QUARTERLY DIVIDEND BY 3% TO 60 CENTS PER SHARE

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BRIEF-National Bank Increases The Dividend Of Its Common Shares

* NATIONAL BANK OF CANADA - ‍BOARD DECLARED INCREASE OF DIVIDEND ON COMMON SHARES FROM $0.58 TO $0.60 PER COMMON SHARE FOR QUARTER ENDING JAN 31, 2018​ Source text for Eikon: Further company coverage:

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China's Citic completes $1.1 bln acquisition of Dow seeds assets in Brazil

RIBEIRÃO PRETO, Dec 1 (Reuters) - China's Citic Agri Fund on Friday said it has completed the $1.1 billion acquisition of Dow's corn seed business in Brazil, rebranding the company as LP Sementes Ltda.

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EMERGING MARKETS-Turkish lira, banks in fresh selloff on US trial fears

LONDON, Dec 1 (Reuters) - Turkish lira and bank stocks fell on Friday, extending losses and lagging other emerging markets after U.S. trial testimony implicated President Tayyip Erdogan in a plan to help Iran evade sanctions.

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RBS axes further 259 British branches as expands e-banking

LONDON (Reuters) - British state-owned Royal Bank of Scotland (RBS) said on Friday it will close 259 branches and cut 680 jobs as it reduces costs and encourages customers to use online and mobile services.

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BRIEF-Toshiba Near Resolution To Dispute With Western Digital - Bloomberg, Citing Sources

* TOSHIBA NEAR RESOLUTION TO DISPUTE WITH WESTERN DIGITAL - BLOOMBERG, CITING SOURCES Source text: https://bloom.bg/2ke8GGP Further company coverage:

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BRIEF-Beleave announces upsize of previously announced non-brokered private placement

* BELEAVE ANNOUNCES UPSIZE OF PREVIOUSLY ANNOUNCED NON-BROKERED PRIVATE PLACEMENT

cnn.com

Erik Prince details Seychelles meeting with Russian banker

Blackwater founder Erik Prince testified to House lawmakers that he met the head of a Russian investment fund earlier this year -- but he insisted it was not part of an effort to set up a Russian backchannel with the Trump administration, multiple sources told CNN.

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U.S.-based money market funds post $33 billion inflows, largest of 2017: Lipper

NEW YORK (Reuters) - Investors poured $33 billion into U.S.-based money market funds during the week ended Nov. 29, the largest inflows of 2017, Lipper data showed on Thursday, in a sign that...

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Big U.S. banks in last-ditch push on regulatory relief bill

WASHINGTON (Reuters) - Wall Street banks and big regional lenders are scrambling to secure changes to a U.S. Senate bill easing rules on smaller banks ahead of a key lawmaker meeting next week, several bank lobbyists told Reuters.

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Hedge fund Hutchin Hill shuts down after three bad years

BOSTON (Reuters) - Hedge fund manager Neil Chriss said on Thursday he is closing his $2.2 billion firm Hutchin Hill Capital LP after three years of poor performance.

PersonalFinance reuters.com

Hedge fund Hutchin Hill shutting down: letter

BOSTON (Reuters) - Hedge fund manager Neil Chriss said on Thursday he is closing his $2.2 billion firm Hutchin Hill Capital LP after a period of poor performance.

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WRAPUP 1-Canada's TD outshone by CIBC as banks brace for headwinds

TORONTO, Nov 30 (Reuters) - Toronto-Dominion Bank and smaller rival CIBC rounded off a week of earnings announcements by Canadian banks on Thursday, reporting record profits, but they face headwinds in 2018 due to stricter mortgage rules and concerns about the potential for house price declines.

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GM plans large-scale launch of self-driving cars in U.S. cities in 2019

SAN FRANCISCO/DETROIT (Reuters) - General Motors Co laid out its vision for self-driving vehicles on Thursday, telling investors it planned a commercial launch of fleets of fully autonomous robo-taxis in multiple dense urban environments in 2019, in a challenge to rivals such as Alphabet Inc's Waymo.

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UPDATE 2-GM plans large-scale launch of self-driving cars in U.S. cities in 2019

SAN FRANCISCO/DETROIT, Nov 30 (Reuters) - General Motors Co laid out its vision for self-driving vehicles on Thursday, telling investors it planned a commercial launch of fleets of fully autonomous robo-taxis in multiple dense urban environments in 2019, in a challenge to rivals such as Alphabet Inc's Waymo.

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Bodenholm and Westray reveal media stock shorts on changing viewers

LONDON (Reuters) - European hedge funds Bodenholm Capital and Westray Capital Management revealed they had taken short selling positions on some media companies, bets that their stock prices will...

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Bikram hot yoga bankruptcy should be dismissed: U.S. Trustee

(Reuters) - The bankruptcy of hot yoga pioneer Bikram Choudhury Yoga Inc should be dismissed or converted to a Chapter 7 liquidation due to a failure to file required documents, according to papers filed by the U.S. Department of Justice's bankruptcy watchdog.

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New U.S. tax law could curb charitable donations

NEW YORK (Reuters) - New tax laws could strip away one of the key motivators of year-end giving in the United States - the right to take a tax deduction for the amount you give to qualified charities...

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U.S. Securities and Exchange Commission ratifies administrative law judges

WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission said Thursday it had ratified the prior appointment of its administrative law judges.

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U.S. regional banks delve deeper into advisory services to boost growth

(Reuters) - Squeezed by lower loan growth as interest rates finally begin to rise, regional U.S. banks have been giving more financial advice to mid-sized companies and affluent Americans to drive...

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Dow crosses 24,000 mark as banks climb, techs rebound

(Reuters) - The blue-chip Dow Jones index raced past the 24,000 mark for the first time on Thursday, propelled by further gains for bank stocks and a recovery in technology shares.

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CANADA STOCKS-TSX up as energy stocks rally; TD Bank hit by earnings miss

TORONTO, Nov 30 (Reuters) - Canada's main stock index rose on Thursday, with energy shares rallying as hopes for a deal to extend output cuts pushed oil prices higher, while a miner sank on a lowered outlook and two big banks moved in opposite directions after reporting earnings.

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Israeli settler kills Palestinian in West Bank in what army calls response to rock-throwing

JERUSALEM (Reuters) - An Israeli settler shot and killed a Palestinian man in the occupied West Bank on Thursday, in what the Israeli army said was a response to an attack by Palestinians throwing rocks, which Palestinians denied.

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BRIEF-NTN Buzztime Inc Enters Into Amended And Restated Loan And Security Agreement With East West Bank

* NTN BUZZTIME INC - ‍ON NOV 29, CO ENTERED INTO AN AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT WITH EAST WEST BANK - SEC FILING​

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Banks face contract repapering rush to retain clients after Brexit

LONDON, Nov 30 (Reuters) - Banks in London are preparing to move hundreds of thousands of contracts they expect to be rendered invalid by Brexit to continental Europe, in a process known as "repapering", marking a major step in their adjustment plans.

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Turkey's Denizbank says did not collaborate with gold trader Zarrab

ISTANBUL (Reuters) - Turkey's Denizbank said on Thursday it did not have any dealings with the shipping group owned by gold trader Reza Zarrab, who is testifying in a U.S. federal court after pleading guilty to conspiring to evade U.S. sanctions against Iran.

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UPDATE 2-Canada's TD Bank results outshone by smaller rival CIBC

* CIBC fourth-quarter EPS C$2.81 vs forecast C$2.59 (Adds comment from TD executive, analyst)

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BRIEF-Purepoint Uranium Group Raises Ceiling For Private Placement

* PUREPOINT URANIUM GROUP INC. RAISES CEILING FOR PRIVATE PLACEMENT

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UPDATE 1-TD Bank posts quarterly earnings below market forecasts

TORONTO, Nov 30 (Reuters) - Toronto-Dominion Bank reported fourth-quarter results on Thursday which were below market expectations, affected by a decline in revenues at its investment banking business.

PersonalFinance reuters.com

Column: To the year-end checklist, add mandatory retirement withdrawals

CHICAGO (Reuters) - Nothing good lasts forever, and so it is with tax-deferred retirement saving - that is, the deferred part.

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CORRECTED (OFFICIAL)-MOVES- JP Morgan, Citi Private Bank, VAM Funds, Brown Shipley (Nov. 29)

Nov 29 (Reuters) - The following financial services industry appointments were announced on Wednesday. To inform us of other job changes, email moves@thomsonreuters.com.

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BRIEF-FCB Financial Says Agreement With Floridian Community Bank, Includes A Termination Fee Of $3.1 Mln In Certain Circumstance

* FCB FINANCIAL HOLDINGS INC - AGREEMENT WITH FLORIDIAN COMMUNITY BANK, INCLUDES A TERMINATION FEE OF $3.1 MILLION IN CERTAIN CIRCUMSTANCE - SEC FILING‍​ Source text for Eikon: (http://bit.ly/2jyfxqB) Further company coverage:

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BRIEF-TD Bank Group Q4 EPS C$1.42

* TD BANK GROUP REPORTS FOURTH QUARTER AND FISCAL 2017 RESULTS

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TD Bank posts quarterly earnings below market forecasts

TORONTO, Nov 30 (Reuters) - Toronto-Dominion Bank on Thursday reported fourth-quarter results which were below market expectations, affected by a decline in revenues at its investment banking business.

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BRIEF-Alibaba In Discussions To Invest About 1.5 Bln Yuan In SenseTime- Bloomberg,Citing Sources

* ALIBABA IN DISCUSSIONS TO INVEST ABOUT 1.5 BILLION YUAN, AND BECOME LARGEST BACKER OF FACIAL RECOGNITION STARTUP SENSETIME- BLOOMBERG,CITING SOURCES Source https://bloom.bg/2kbgFEC

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Migration to UK plunges in year after Brexit, driven by EU citizens

LONDON (Reuters) - Net migration to Britain fell sharply by 106,000 to 230,000 people in the 12 months to June, with more than three-quarters of the drop due to EU citizens, official data showed on Thursday.

businessNews reuters.com

Flipkart investors, employees trimming stakes as part of SoftBank deal: sources

MUMBAI (Reuters) - Some early Flipkart [IPO-FLPK.N] investors, employees and ex-employees are selling their shares in the Indian e-commerce firm as part of a $2.5 billion investment deal agreed with Japan's SoftBank Group , two people familiar with the matter said on Thursday.

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UPDATE 1-Flipkart investors, employees trimming stakes as part of SoftBank deal -sources

* Current, former employees offered just over $85 apiece -sources

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UPDATE 1-U.S. trial threatens funding for Turkey's dollar-dependent banks

* Deputy PM promises do whatever necessary if banks affected (Updates Wednesday report with U.S. court case)

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Cumulus Media files for bankruptcy protection

Nov 29 (Reuters) - U.S. radio broadcaster Cumulus Media Inc filed for Chapter 11 bankruptcy protection and said it has entered into a restructuring agreement with certain of its lenders to reduce more than $1 billion in debt.

businessNews reuters.com

Softbank offers to buy more Flipkart shares at reduced $9 bln-$10 billion valuation: Mint

(Reuters) - Japan's Softbank Group Corp offered to buy an undisclosed number of shares in Indian e-commerce giant Flipkart at a reduced valuation in the range of $9 billion to $10 billion, the Mint daily reported on Thursday.

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REFILE-Softbank offers to buy more Flipkart shares at reduced $9 bln-$10 bln valuation - Mint

Nov 30 (Reuters) - Japan's Softbank Group Corp offered to buy an undisclosed number of shares in Indian e-commerce giant Flipkart at a reduced valuation in the range of $9 billion to $10 billion, the Mint daily reported on Thursday.

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Bankrupt Breitburn gets U.S. court approval to pursue reorganization

Nov 29 (Reuters) - Breitburn Energy Partners LP can begin seeking creditor support for a reorganization plan that would split the bankrupt U.S. oil firm into two separate, creditor-owned companies, a U.S. court ruled on Wednesday.

companyNews reuters.com

Brazil bankruptcy judge puts back Oi creditor meeting to Dec 19

BRASILIA, Nov 29 (Reuters) - The judge handling the bankruptcy restructuring of Brazilian telecoms Grupo Oi SA decided on Wednesday to postpone a meeting of creditors until Dec. 19 because stakeholders could not agree on key issues.

companyNews reuters.com

BRIEF-United Security Bancshares Says Board Of Co, United Security Bank Voted To Increase Size Of Their Respective Boards From 10 To 11 Directors​

* UNITED SECURITY BANCSHARES- ‍ON NOV. 28, BOARD OF CO, UNITED SECURITY BANK VOTED TO INCREASE SIZE OF THEIR RESPECTIVE BOARDS FROM 10 TO 11 DIRECTORS​ Source text: [http://bit.ly/2AGgfgo] Further company coverage:

businessNews reuters.com

Nasdaq falters as investors flee tech for banks

(Reuters) - The Nasdaq posted its biggest one-day drop in more than three months on Wednesday as investors fled high-flying technology stocks and shifted to banks and other pockets of the market that could benefit from improving economic conditions, lower regulations and taxes as well as higher interest rates.

PersonalFinance reuters.com

U.S. bond funds attract $6.16 billion in week ended Nov. 21: ICI

NEW YORK (Reuters) - U.S. fund investors pumped billions into bond funds for a 51st straight week, the Investment Company Institute (ICI) said on Wednesday, underscoring the seemingly insatiable...

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Nasdaq stumbles as bets shift from tech to banks

(Reuters) - The Nasdaq was on pace for its biggest one-day drop in more than three months on Wednesday as investors bailed out of high-flying tech stocks and shifted bets to banks and other pockets of the market that could benefit from improving economic conditions, lower regulations and taxes, and higher interest rates.

PersonalFinance reuters.com

Illinois' $750 million bonds won by BofA with still hefty yields

CHICAGO (Reuters) - Bank of America Merrill Lynch won $750 million of Illinois bonds in competitive bidding on Wednesday as the state faced a lingering market penalty for its fiscal and political...

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BRIEF-Flagstar Bank Announces Enotes For Ewarehouse Lending

* SAYS ‍FLAGSTAR BANK IS ACCEPTING ENOTES TO FUND WAREHOUSE LENDING TRANSACTIONS​ Source text for Eikon: Further company coverage:

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BRIEF-Fortune Minerals Announces $5M Private Placement

* FORTUNE MINERALS LTD - ‍UP TO 29.4 MILLION UNITS WILL BE ISSUED AT A SUBSCRIPTION PRICE OF $0.17 PER UNIT​ Source text for Eikon: Further company coverage:

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MOVES- JP Morgan, Citi Private Bank, VAM Funds, Brown Shipley

Nov 29 (Reuters) - The following financial services industry appointments were announced on Wednesday. To inform us of other job changes, email moves@thomsonreuters.com.

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Exotix Capital appoints Basni Jashapara to senior role

(Reuters) - Emerging markets-focused investment bank Exotix Capital named Basni Jashapara as its new head of EMEA sales for research, analytics and data.