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Beijing wants to stop bailing out businesses but can't risk a big hit to economic growth. China looks ready to let more companies go to the wall as part of its economic reforms, shaking financial markets that are used to the government bailing out firms at the last minute.
Federal bank overseer sues major global banks, alleging closed U.S. banks were hurt by their manipulation. The Federal Deposit Insurance Corp. is suing many of the world's largest banks for their role in manipulating a global interest rate benchmark, alleging their actions played a role in the failure of more than three dozen U.S. banks.
Ukraine needs financial aid on the scale of the Marshall Plan that set Europe on the road to recovery and prosperity after World War II, investor and philanthropist George Soros says.
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