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Deutsche Bank slump hits hedge funds

Hedge Fund

Deutsche Bank said second-quarter revenue dropped at its prime finance unit, extending a slump beyond businesses that the lender is seeking to exit as client concerns added to volatile markets.

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Standard Chartered appoints new chairman

Standard Chartered have appointed José Viñals as Chairman. José, will join the Board as Chairman designate on 3 October 2016, and succeed Sir John Peace as Chairman of the Group on 1 December 2016. Sir John will step down as a Director and Chairman on the same day.