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MetLife won't take TARP money

MetLife Inc , one of the largest U.S. life insurers, on Monday said it will not take money from the government's $700 billion Troubled Asset Relief Program, saying it already has sufficient capital.

Citigroup may sell more Japan operations: sources

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Citigroup has told potential buyers of its Japanese retail brokerage arm that it may also be willing to sell its investment banking and asset management operations in Japan, sources familiar with the matter said.
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Asia stocks up, oil slides on demand outlook

Asian stocks rose on Monday on hopes for the global economy, with Taiwan shares hitting a near 7-month closing high, while oil prices slipped below $52 after a dramatic oil demand downgrade by the International Energy Agency.
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Rally's fate turns on bank results

If Wells Fargo's strong first-quarter preliminary performance is any sign, stocks could rally further this week on any reassuring news when three other big banks post quarterly results.
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HSBC sees tipping point in hedge fund outflows

HSBC Global Asset Management says it is finally seeing inflows into some of its hedge funds and believes it may have reached a tipping point after a tough period of client withdrawals.
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Goldman Sachs mulls stock sale to repay TARP money: report

Goldman Sachs Group Inc is considering making a multibillion dollar share offering to investors as part of its efforts to repay a $10 billion government loan, the Wall Street Journal reported citing people familiar with the matter.
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Wells Fargo shocks market with record profit

Wells Fargo & Co said it expects to post a record $3 billion first-quarter profit, causing its shares to soar 31.7 percent and providing a welcome jolt to the stock market and a still-troubled banking sector.
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Barclays sells iShares to CVC for $4.4 billion

Barclays Plc has agreed to sell its iShares asset management business to private equity firm CVC Capital Partners for 3 billion pounds ($4.4 billion), but kept the right to hunt for a better deal for two months.
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Wells Fargo shocks market with big profit

Wells Fargo & Co said it expects to post a $3 billion first-quarter profit, sending its shares soaring, lifting a wide range of stocks, and providing a welcome jolt to the troubled banking sector.
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CVC eyes thriving market leader with iShares bid

Private equity house CVC Partners will pick up a rare commodity if it pulls off a purchase of Barclays' iShares exchange traded fund (ETF) unit, which analysts say has strong growth potential.

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