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European banks may cut analysts

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European investment banks may reduce the number of analysts they employ and some independent research providers may quit the market if draft European Union rules on how investment managers pay for research are enacted, according to Deloitte LLP.

ABN Amro to IPO as early as Q4

Trading Desk

ABN Amro Group, the nationalized Dutch lender, plans to sell shares in an initial public offering in Amsterdam as soon as the fourth quarter, seven years after the bank was bailed out at the height of the financial crisis.



Newmarket Racecourse

Records broken at Newmarket yearling sale as 372 horses fetch £84m

There were no seven-figure yearlings during the final session of Tattersalls’ prestigious Book 1 Sale in Newmarket on Thursday but, with the hammer falling on 372 colts and fillies over the three days at an average price of 222,000gns, turnover at the sale broke 80m guineas (£84m) for the first time to set a new record for a European bloodstock auction.