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Regulation: Calls grow for broker shake-up

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Federal Reserve Bank of Boston President Eric Rosengren said broker regulation needs a 'major re-examination' to prevent funding shortfalls during a crisis, and New York Fed President William C. Dudley said the wholesale funding system must have greater stability.

French economy fails to grow for second quarter

French Flags

The French economy failed to expand during the second quarter of this year after stalling in the first, missing analyst expectations, data from the French national statistics bureau Insee showed.