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Morgan Stanley reduces Q2 profit

Morgan Stanley HQ

Morgan Stanley reduced second-quarter earnings per share by 2 cents after reaching agreements to end mortgage-related lawsuits. The firm said it may face additional claims from authorities in California.

Barclays to keep Lehman assets

Barclays Sign

Barclays is entitled to about $6bn of disputed assets as part of its hurried purchase of much of Lehman Brothers's brokerage unit at the height of the 2008 financial crisis, a federal appeals court ruled.

London aims to become a bitcoin hub

London At Night

U.K. policymakers are set to woo the burgeoning bitcoin industry with a new study looking at the opportunities and risks involved with the technology.



American Eagle

US GDP growth disappoints

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.