Attacks by Trump Risk Damaging the Fed’s Credibility

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Attacks by Trump Risk Damaging the Fed’s Credibility – Financial Times (subscription)

Investors have been remarkably calm about the mounting political pressures on the Federal Reserve, the world’s most important central bank, in sharp contrast to what has been seen historically in advanced countries, and to what emerging economies continue to experience.

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‘There is Little to Break the Impasse’: City Sees No End to Brexit Limbo

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‘There is Little to Break the Impasse’: City Sees No End to Brexit Limbo – Financial News (subscription)

City economists and commentators see no quick end to the UK’s political paralysis over Brexit, even after EU leaders agreed a six-month extension to the country’s leaving date.

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SocGen Cuts 1,600 Jobs as Investment Bank Overhauled

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SocGen Cuts 1,600 Jobs as Investment Bank Overhauled – Financial Times

The investment bank will close its commodities business and proprietary trading unit and reorganise its fixed-income division to make it more profitable, particularly the underperforming rates, credit, currencies and prime services operations, as was first flagged in February.

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