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US GDP growth disappoints

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US economic growth missed expectations in the fourth quarter, reinforcing fears that the Federal Reserve was too hasty last month when it raised rates for the first time in almost a decade.



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Deutsche Bank CEO says sector needs more mergers

Europe needs to see more banking mergers for the sector to be in position to become more profitable, Deutsche Bank Chief Executive John Cryan said on Wednesday, amid a report Germany's biggest lender had looked at No. 2 player Commerzbank.