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The latest move by an asset class that just can’t keep out of the news is less surprising than it might appear.
European bank shares have rallied even though the pain of loan losses still lies ahead. It is also not clear how they will repay emergency ECB funding
In creating a single wealth management platform, called Citi Global Wealth, the US bank is recognizing its shortcomings and planning for the future.
Incoming US president Joe Biden has named Gary Gensler as his pick to run the Securities and Exchange Commission (SEC). Ten years ago Euromoney sat down with him when he was shaking things up at the Commodity Futures Trading Commission.

Read Euromoney’s interview with Gensler from September 2010.
In publicly breaking with Trump, banks and corporates are set to make scrutiny of their choices more intense, not less. This is a good thing.
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