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GE unveils financial unit restructuring

Time And Money

GE, in a move to become a pure play industrial company, is exiting the financial services business by selling the bulk of the assets contained in its GE Capital unit and returning most of the proceeds from that disposition to shareholders in the form of a $50 billion share buyback.

FTSE 100 ends week on record high

Money At Work

London’s stock market brushed off electoral concerns to hit a new high as European shares also surged to a 15-year record on hopes that weaker currencies would support corporate profits.

Nomura says regulator relied on 'voodoo science'

A Chicken

A lawyer for Nomura Holdings argued on Thursday that a U.S. regulator relied on 'voodoo science' to pursue claims that the bank made false statements in selling $2bn in mortgage-backed securities to Fannie Mae and Freddie Mac.



Holy Bible

JPMorgan execs said deposed

JPMorgan executives have been deposed and thousands of pages of internal documents subpoenaed as part of a U.S. investigation into the bank’s asset-management unit, according to people familiar with the situation.