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Better news for Madoff victims

Bernie Madoff

Bernard Madoff’s victims will have a bit more to spend on holiday gifts this year as the trustee unwinding his fraud begins sending out a total of $1.2bn in recovered funds, with checks averaging $1.1m each.

Goldman in institutional equities alliance

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Commonwealth Bank of Australia will start to 'wind down' its proprietary institutional equities team from December 16 and the lender has entered an alliance with Goldman Sachs to offer clients access to global equity markets.

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