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Allianz fund seeks China licence

Great Wall Of China Graffiti

Allianz SE said its German fund management unit has applied for a license in China to establish an onshore presence, following the example of its larger U.S.-based Pacific Investment Management Co.

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RBS rejected warning over cash call, lawsuit hears

Just hours before Royal Bank of Scotland launched a massive cash call in 2008 to shore up its capital, the bank's senior advisers were still discussing whether its financial figures were potentially misleading for investors, court documents allege.

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