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How Wall Street banks made a killing on SPAC craze

(For more Reuters Special Reports, click on ) By Jessica DiNapoli NEW YORK, May 11 (Reuters) - Investment banks have raked in billions of dollars by feeding the frenzy for blank-check companies, and they have done so largely without risking any of their own money on hundreds of deals that have left many investors with punishing losses. A look at on
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Deutsche Bank, Nomura win appeal in Monte dei Paschi case

* Banks, defendants cleared in derivatives case * Ruling overturns judgment made in 2019 * Prosecutors can take case to Italy's highest court * Financial punishments also withdrawn By Emilio Parodi MILAN, May 6 (Reuters) - An Italian appeals court on Friday acquitted all 13 defendants, as well as Deutsche Bank and Nomura, over derivative deals that
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Real risk of wage-price spiral in Germany, Deutsche Bank says

LONDON, May 3 (Reuters) - German metalworkers' recent demand for an 8.2% pay rise may be a sign that a wage-price spiral, the missing component in European inflation, is about to kick in, Deutsche Bank said on Tuesday. The bank said that a demand by IG Metall's union for an 8.2% pay increase over 12 months for 76,000 steel industry workers was abov
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Deutsche Bank offices searched by authorities - Frankfurt prosecutors

* Prosecutors have search warrant * BaFin, federal police also involved * Bank has been trying to clean up reputation (Updates with detail) FRANKFURT, April 29 (Reuters) - Prosecutors, federal police and other officials are conducting a search at Deutsche Bank DBKGn.DE in Frankfurt, the city's prosecutors said on Friday. Germany's largest lender sa
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U.S., European shares advance as euro dives to lowest since 2017

(Updates with closing prices throughout) * Wall Street, European shares rise * Euro plunges on growth and Ukraine fears * Dollar eyes biggest monthly gain since 2015 * Graphic: Global asset performance Link * Graphic: World FX rates Link By Chris Prentice and Tommy Wilkes WASHINGTON/LONDON, April 27 (Reuters) - Key U.S. equity indexes ended higher
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