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SEC charges Macquarie over public offering

Sec Building

The Securities and Exchange Commission has announced charges against a New York-based brokerage firm responsible for underwriting a public offering despite obtaining a due diligence report indicating that the China-based company’s offering materials contained false information.

Standard Chartered could be stressed

Standard Chartered Shanghai Towers

The Bank of England will this week reveal a tougher set of stress tests for the nation’s banks that could put Standard Chartered under pressure to raise capital and place more lenders under scrutiny.