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Germany's RWE buys Con Edison clean energy in $6.8 bln U.S. shift

By Christoph Steitz and Thomas Escritt FRANKFURT, Oct 2 (Reuters) - Germany's largest power producer RWE RWEG.DE has agreed to buy Con Edison's ED.N Clean Energy Businesses for $6.8 billion, nearly doubling RWE's renewables portfolio in the United States, the world's second-biggest renewables market. The purchase will be partly funded by RWE issuing a $2.43 billion convertible bond to a Qatar Investment Authority unit, through which the QIA will become a 9.1% shareholder in RWE.
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Top banks say London forex rigging case filed too late

By Kirstin Ridley LONDON, Sept 29 (Reuters) - Eight of the world's biggest banks, including Deutsche Bank DBKGn.DE , Goldman Sachs GS.N and Bank of America BAC.N , say it is unfair to rope them into a vast London lawsuit over alleged collusion in the foreign exchange market. The banks, which were sued in 2020 by 11 investment fund groups such as Allianz, PIMCO, BlueCrest and Brevan Howard, told London's specialist Competition Appeal Tribunal (CAT) on Thursday the claims against them had simply b
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UK's Kwarteng tries to reassure bankers, gets nervous response

By William James, Huw Jones and Sinead Cruise LONDON, Sept 28 (Reuters) - British finance minister Kwasi Kwarteng sought to reassure investment bank executives on Wednesday the government had sound fiscal plans, in the face of a meltdown in British assets. Kwarteng laid out a so-called mini-budget last Friday that sent British bond markets and the pound into a tail-spin, prompting the Bank of England to say it would buy as much government debt as needed to restore financial stability.
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Wall Street Journal - Sept 28

Sept 28 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Eleven of the world’s largest banks and brokerages will collectively pay $1.8 billion in fines to resolve regulatory investigations over their employees' use of messaging applications that broke record-keeping rules, regulators said Tuesday.
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U.S. fines 16 Wall Street firms $1.8 bln for talking deals, trades on personal apps

By Michelle Price Sept 27 (Reuters) - U.S. regulators on Tuesday fined 16 financial firms, including Barclays BARC.L , Bank of America BAC.N , Citigroup C.N , Credit Suisse CSGN.S , Goldman Sachs GS.N , Morgan Stanley MS.N and UBS UBSG.S , a combined $1.8 billion after staff discussed deals and trades on their personal devices and apps. The sweeping industry probe, first reported by Reuters last year and subsequently disclosed by multiple lenders, is a landmark case for the Securities and Exchan
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