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Bank of England chief met with White House on financial stability issues

May 20, 2017 WASHINGTON (Reuters) – Bank of England Governor Mark Carney met with Gary Cohn, the chief economic advisor to President Donald Trump, at the White House on Friday, the bank said. Carney met with Cohn in his role as head of the Financial Stability Board, an international body that monitors and makes recommendations about the global financial system, the Bank of England said. (Reporting by William Schomberg; Writing by David Chance; Editing by Jonathan Oatis) The post Bank of England chief met with White House on financial stability…

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Chinese banks, brokers eye robo advice for edge on competition

April 27, 2017 By Elzio Barreto HONG KONG (Reuters) – China’s wealth management industry is preparing for a boom in automated investment advice and trading programs, or “robo-advisors”, as brokerages, banks and insurers look for a cheaper way to increase revenue from retail clients. Robo advice services barely existed in China before 2015, but they are expected to manage $27.1 billion of assets at the end of 2017, though that remains small relative to the $182 billion figure for the United States, where services launched several years earlier, according to…

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