LONDON - Royal Bank of Scotland said on Friday that it wrongly calculated its core capital for a test of its financial health by European regulators and only marginally passed a test it initially appeared to have passed comfortably.
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FRANKFURT - The European Central Bank has dropped Citigroup from its experts' working group on foreign exchange, days after the U.S. bank was fined by U.S. and UK regulators for failing to stop traders from trying to manipulate the currency market.
FRANKFURT - Banks will return 8.5 billion euros (7 billion pounds) in crisis loans to the European Central Bank next week after it started offering them new four-year loans at cheap rates.
This holiday shopping season, how much is too much, and how early is too early?
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