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Wall St Week Ahead-Investors shelter in U.S. regional banks as Fed hikes loom

By David Randall NEW YORK, Jan 21 (Reuters) - Expectations of rising interest rates are bolstering the shares of regional banks, as a tumble in technology stocks pushes investors to search for assets that could thrive amid higher yields and tighter Federal Reserve policy. The SPDR S&P Regional Banking ETF KRE.P was up 2% year-to-date on Friday afte
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Wall St Week Ahead-Investors shelter in U.S. regional banks as Fed hikes loom

By David Randall NEW YORK, Jan 21 (Reuters) - Expectations of rising interest rates are bolstering the shares of regional banks, as a tumble in technology stocks pushes investors to search for assets that could thrive amid higher yields and tighter Federal Reserve policy. The SPDR S&P Regional Banking ETF KRE.P was up 2% year-to-date on Friday afte
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Japan's MUFG to exit U.S. retail banking in $8 bln deal with U.S. Bancorp

* MUFG selling MUB to U.S. Bancorp for $8 bln * Deal includes $5.5 bln in cash, $2.5 bln in shares * MUFG to have 2.9% stake in Bancorp By Tim Kelly TOKYO, Sept 21 (Reuters) - Mitsubishi UFJ Financial Group (MUFG) 8306.T is pulling back from U.S. retail banking with the $8 billion sale of MUFG Union Bank (MUB) to U.S. Bancorp USB.N as digital techn
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HSBC exits loss-making U.S. retail banking as part of Asia pivot

* Sells east coast business to Citizens Bank, West Coast to Cathay Bank * To incur $100 mln pre-tax costs connected with the transactions * Its US wealth & personal banking business made $547 mln loss in 2020 * HSBC's Hong Kong shares hit 3-month high, retreat By Alun John HONG KONG, May 27 (Reuters) - HSBC HSBA.L announced it is withdrawing from U
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