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Jefferies sees fixed income trading fall

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Jefferies Group whose trading results are seen as a bellwether for Wall Street firms, said fourth-quarter revenue from that business fell 36% as fixed-income sank for a fourth straight quarter.

Julius Baer agrees to buy Commerzbank in Luxembourg

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Julius Baer has announced that it has agreed to acquire Commerzbank International SA Luxembourg (‘CISAL’), a well-established and fully-licensed private banking franchise with close to EUR 3bn ($3.23bn) assets under management, from Commerzbank.

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