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Friday, March 14, 2014

Reuters Money: Singapore's DBS agrees to buy SocGen's Asian private bank: sources

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03/14/2014
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Singapore's DBS agrees to buy SocGen's Asian private bank: sources
HONG KONG (Reuters) - Singapore's DBS Group Holdings has agreed to buy Societe Generale's (SocGen) Asian private bank for about $250 million, with an announcement expected as early as Monday, sources familiar with the matter told Reuters.
U.S. boosts millionaire ranks, especially ultra-rich
NEW YORK (Reuters) - The richest Americans are increasing their ranks and putting the recession of 2008 and 2009 behind them, according to an annual study by the Chicago-based Spectrem Group.
U.S.-based stock funds attract $9.2 billion in latest week: Lipper
NEW YORK (Reuters) - Investors in U.S.-based funds poured $9.2 billion into stock funds in the week ended March 12 after a strong U.S. jobs report revived hopes of stronger U.S. economic growth, data from Thomson Reuters' Lipper service showed on Thursday.
Candy Crush and the moat fallacy: James Saft
(James Saft is a Reuters columnist. The opinions expressed are his own)
TD Bank hopes to expand U.S. wealth management unit
TORONTO (Reuters) - Toronto-Dominion Bank hopes to expand its U.S. wealth management business, targeting a million people with at least $100,000 in liquid assets who already are customers of its growing U.S. retail bank, said a senior executive of Canada's second-largest lender.
SEC charges brokers in scheme to profit from terminally ill
WASHINGTON (Reuters) - U.S. securities regulators filed civil charges against two brokers and seven others, saying they were involved in a scheme to profit from the death of terminally ill patients through variable annuity sales.
Computers dethrone humans in European stock trading
LONDON (Reuters) - European equity investors are placing more orders via computers than through flesh-and-blood traders for the first time as new market rules drive more money managers to go high-tech and low cost.
Ohio is the place to buy, not rent, a home
LOVELAND, Ohio (Reuters) - When Kathleen Quinn and her husband recently moved from New York City to the Cleveland area, they never even considered renting.
Lions Gate admits fault over Icahn hostile bid in SEC pact
WASHINGTON (Reuters) - Lions Gate Entertainment Corp admitted on Thursday it failed to disclose to investors in 2010 the steps it took to thwart a hostile takeover bid by billionaire Carl Icahn, as part of a settlement with U.S. regulators.
Defense for Madoff aides claims ignorance of fraud in closing arguments
NEW YORK (Reuters) - Attorneys for five former aides of convicted swindler Bernard Madoff wrapped up nearly 20 hours of closing arguments on Wednesday, capping their courtroom campaign to convince a federal jury that their clients never knowingly joined in their boss's Ponzi scheme.
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