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BlackRock may face action over money manager

Pointing Finger

BlackRock, the world’s biggest money manager, said regulators are considering filing action against the firm over a former money manager who used BlackRock funds to invest in a company with which he had financial ties.

Two firms in expansion mode

Globe

Australia & New Zealand Banking Group (ANZ) plans to boost its capital-markets business in India and will hire bankers to increase syndicated lending and bond origination.

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