INVESTMENT

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AmEx launches CDs line to diversify funding

American Express Co announced on Monday a new line of certificates of deposit as part of the largest U.S. credit card company's plan to diversify funding sources as the financial crisis tightened lending.

AllianceBernstein-backed REIT to debut next week

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Foursquare Capital Corp, a real estate investment trust that will be run and advised by a unit of money manager AllianceBernstein, will price its initial public offering and make its trading debut the week of Sept. 21, according to one of deal's underwriters.

Bank of America-SEC bonuses pact rejected

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A federal judge on Monday rejected Bank of America Corp's and the U.S. Securities and Exchange Commission's proposed settlement over Merrill Lynch & Co bonuses, describing the agreement as a contrivance that harms shareholders.
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Tax evaders rush to beat amnesty deadline

Rich Americans who have evaded taxes by hiding foreign holdings have about a week to turn themselves in to an Internal Revenue Service amnesty program or gamble they will not be caught.
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Barclays ahead early in Lehman carve-up

A year ago, Barclays and Nomura were preparing to dismember the carcass of recently-deceased Lehman Brothers. Twelve months seems a good time to ask: who got the tastier meal?
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Oil drops towards $69 on dollar, position limits

Oil eased toward $69 a barrel on Monday, after a decision by a major U.S. commodities exchange to enforce limits on large positions increased uncertainty and the dollar strengthened slightly.
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Banks change CEOs, but will that make them safer?

Morgan Stanley could be the first of many big banks to tap their more staid businesses for the next generation of leaders, but that might not be enough to contain the culture of risk-taking that creates financial meltdowns.
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Investors should think global, execs say

The severity of the U.S. financial crisis exposed investors' need to whittle down a dependence on dollar-denominated assets and diversify globally, two of Wall Street's most influential figures said on Sunday.
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Ex-BoE member astounded U.S. govt didn't save Lehman

The former deputy Governor of the Bank of England said he was astounded the U.S. government let Lehman Brothers go under, and that the bank's collapse marked a clear moment when people lost confidence in the markets.
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BIS says clearing derivatives not enough to cut risks

Central clearing of privately traded derivatives contracts won't be enough to make the $600 trillion sector safe, while clearing of some bespoke trades may not be desirable, the Bank of International Settlements said.
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Private equity firms look to take cos public

Efforts by private equity firms to sell stakes in portfolio companies through initial public offerings continued late this week as two North American companies took steps toward coming to market.
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American Air in JAL tie-up, investment talks: report

The parent company of American Airlines is in talks to set up a broad venture with Japan Airlines Corp in a deal that could see the U.S. carrier investing hundreds of millions of dollars in JAL, The Wall Street Journal cited sources as saying on Saturday.
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Quadrangle focuses less on Europe, more on Asia

New York-based private equity firm Quadrangle Capital Partners will substantially close its London office and pursue its European investments out of the United States, an investor letter dated Friday said.
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Financial IPOs to test waters

A dozen or so financial companies, from banks to asset managers, are planning initial public offerings by year's end, betting that investors are over their aversion to the sector a year after Wall Street's crisis boiled over.
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US private equity firms look to take cos public

Efforts by private equity firms to sell stakes in portfolio companies through initial public offerings continued late this week as two North American companies took steps toward coming to market.
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Harvard and Yale endowments suffer heavy losses

Harvard and Yale, America's two richest universities, said on Thursday their endowments lost roughly 30 percent of their value last year, showing how severely the financial crisis battered even the world's best managers.
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Regulators eye dark corners of U.S. stock market

In obscure corners of the U.S. stock market -- where flash orders, dark pools and other controversial practices thrive -- regulators are trying to shine a light to guard against unfair dealing.

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