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Banks look for new normal, find they don’t need it

RPT-BREAKINGVIEWS-Banks look for new normal, find they don’t need it The authors are Reuters Breakingviews columnists. The opinions expressed are their own. By Jonathan Guilford and Liam Proud NEW YORK, Oct 15 (Reuters Breakingviews) - The last few years have been kind to big U.S. banks. Markets fueled by pandemic-induced government spending and low interest rates created a deal frenzy; volatility helped trading; and the success was followed by a rate-hike that created a lending windfall.
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Banks look for new normal, find they don’t need it

RPT-BREAKINGVIEWS-Banks look for new normal, find they don’t need it The authors are Reuters Breakingviews columnists. The opinions expressed are their own. By Jonathan Guilford and Liam Proud NEW YORK, Oct 15 (Reuters Breakingviews) - The last few years have been kind to big U.S. banks. Markets fueled by pandemic-induced government spending and low interest rates created a deal frenzy; volatility helped trading; and the success was followed by a rate-hike that created a lending windfall.
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Jamie Dimon charts JPMorgan expansion plan into Africa

RPT-EXCLUSIVE-Jamie Dimon charts JPMorgan expansion plan into Africa Repeats story first published early on Wednesday, no change to text By Nupur Anand NEW YORK, Oct 16 (Reuters) - JPMorgan Chase JPM.N , the largest U.S. lender, plans to enter Kenya and Ivory Coast this year and grow its footprint in Africa, CEO Jamie Dimon told Reuters. International markets are a growth area for JPMorgan, which has more than $4.2 trillion in assets and operates in over 100 countries.
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Stocks stunned by ASML curveball, pound plunges

MORNING BID AMERICAS-Stocks stunned by ASML curveball, pound plunges A look at the day ahead in U.S. and global markets from Mike Dolan World markets struggled to find a footing on Wednesday after Europe's ASML ASML.AS sideswiped the global chip sector late yesterday with a surprisingly weak orders outlook and investors prayed the flub was a one-off as third-quarter earnings updates stream in.
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Europe Inc set to clear lower earnings bar; wait-and-see on China stimulus

ANALYSIS-Europe Inc set to clear lower earnings bar; wait-and-see on China stimulus Analysts cut European Q3 earnings estimates at fastest pace in seven months Investors cautiously optimistic on China stimulus despite lack of details Cheap valuations, light positioning offer opportunities Updates to include LVMH results in paragraph 6 and ASML in paragraph 7 By Samuel Indyk and Medha Singh LONDON, Oct 16 (Reuters) - Analysts have downgraded estimates for European corporate earnings at the fastes
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