NY Fed found serious problems at Deutsche Bank's U.S. arms: sources

FRANKFURT - The Federal Reserve Bank of New York has found serious problems in Deutsche Bank AG's DBKGn.DE U.S. operations, including shoddy financial reporting, weak technology and inadequate auditing and oversight, people close to the matter told Reuters.

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Five held in China food scandal probe, including head of Shanghai Husi Food

SHANGHAI/LANGFANG China - Shanghai police said on Wednesday they detained five people in an investigation into a Chinese-based supplier of foreign fast-food brands including KFC and McDonald's Corp over allegations the firm supplied out-of-date meat.

11:23am EDT

Wall St. ticks up on earnings; technicals, conflicts eyed

NEW YORK - The S&P 500 hit a record high on Wednesday, lifted by bullish earnings from companies like Apple and Microsoft, though technical resistance and conflicts in Ukraine and the Gaza Strip kept gains in check.

11:03am EDT

Argentina debt mediator postpones start of New York talks

NEW YORK - A court-appointed mediator in the Argentina debt dispute said he had to push back by a day the start of the latest round of settlement talks on Wednesday because the Argentine delegation "could not get here in time."

11:42am EDT

Goldman Sachs says BES investment was on behalf of clients

LISBON - Goldman Sachs's 2.27 percent interest in Portugal's Banco Espirito Santo was acquired on behalf of clients, the U.S. investment bank said in a statement on Wednesday afternoon.

11:38am EDT

SEC poised to adopt reforms for money market funds

WASHINGTON - U.S. regulators unveiled rules on Wednesday that will force "prime" money market funds used by large institutions to float their share price, in an effort to reduce the risk of investor runs.


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