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European banks on selling binge

London Canary Wharf

Europe’s largest banks are finally putting hundreds of billions of dollars of unwanted assets up for sale amid mounting competition among buyers and regulatory pressure.

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Sec Building

SEC fines AIG advisors $9.5m

Three American International Group advisory firms have settled federal civil charges that they levied unnecessary fees on at least 1,000 mutual fund clients, the Securities and Exchange Commission says.