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| Goldman Sachs Fined $27 Million by U.K. for Not Reporting Probe | | | Goldman Sachs Group Inc.’s London unit was fined 17.5 million pounds ($27 million) for not notifying the U.K.’s financial regulator about a U.S. Securities and Exchange Commission investigation into the bank’s marketing of a collateralized debt obligation. | |
| Stocks higher as debt fears ease | | | NEW YORK - Stocks resumed their rally Wednesday after a successful auction of Portuguese government debt eased worries about Europe's financial system. | |
| Consumer debt falls $3.6B in July | | | Consumer borrowing in the U.S. declined for a sixth-straight month in July, indicating Americans are reluctant to take on more debt without faster job growth. The $3.6-billion decrease followed a revised $1-billion drop in June that was less than initially estimated, the Federal Reserve said Wednesday in Washington. | |
| Philippines Said to Start Peso Bond Sale at Discount | | | The Philippine government started a global sale of at least $500 million of peso bonds due January 2021, seeking a lower borrowing cost than available in the local market, according to investors offered the securities. | |
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