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C Suisse said to face Italian money laundering probe

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Milan prosecutors are investigating Credit Suisse on suspicion of money laundering and tax evasion over billions of euros of insurance policies sold Italian clients and used to shield funds from authorities, people with knowledge of the case said.



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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.