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US economy added only 156,000 jobs in September

American flag

The US economy added only 156,000 jobs in September, the US Department of Labor announced on Friday, a figure likely to be seized on as the presidential race enters its final stretch. The unemployment rate was 5%, up from 4.9% in August.

Deutsche Bank mulls IPO of asset management unit

spin workout

Deutsche Bank is looking to float its asset management unit to replenish its cash buffers following a predicted multi-billion-dollar settlement with the US government over alleged miss-selling of mortgage-backed securities.

Goldman said cautioned

Goldman Sachs Blink

Federal Reserve bank supervisors cautioned Goldman Sachs over risks in a debt deal it arranged to fund the $4bn buyout of Ultimate Fighting Championship, according to people with knowledge of the matter.