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JPMorgan close to settling start-up case

Hedge Fund

JPMorgan Chase is close to settling cases that threatened to bar the bank from raising money for hedge funds and technology startups, ending U.S. regulators’ investigations into whether the bank improperly sold some clients in-house investments that carried high fees, according to a person familiar with the negotiations.

Rabobank to cut 9,000 more jobs

Axe In Wood

Rabobank Group will eliminate 9,000 more jobs over the next three years, the Dutch bank said as it announced a strategic overhaul that includes a revamp of its century-old cooperative structure.