UPDATE 1-Bank rewards must promote good conduct -Fed's Dudley
NEW YORK, Oct 20 Banks need to continue to monitor the way they reward employees to ensure they promote good conduct, one of the top U.S. financial regulators said on Thursday.
Dec 3 - The following auction term preferred stock (ATP) issued by New America High Income Fund, Inc. (NYSE: HYB) are paid in full (PIF) following the full redemption of outstanding shares, according to Fitch Ratings: --$85,425,000 of ATP, consisting of Series A, B, C and D, redeemed Nov. 9, 2012 to 'PIF' from 'AAA'. HYB is a closed-end fund managed by T. Rowe Price Associates, Inc. The redemption of outstanding ATP took place as part of a refinancing of the fund's leverage. The fund has arranged a credit facility to finance the redemption. Borrowings from this credit facility are now the fund's sole source of leverage.
* Alcoa Corp's future CEO Roy Harvey says "right now we see a lot of strength across the aluminum sector both in China and in the rest of the world"
BUENOS AIRES, Oct 20 Argentina's foreign currency reserves rose above $40 billion for the first time in 3-1/2 years on Thursday, a milestone the country's central bank chief said was a sign of growing investor confidence in the country.