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2017-06-03 04:26 [BANK] Source:Netword
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Stress test relief tops bank wish list ahead of Trump's rule review

As Wall Street awaits President Donald Trump's vision for financial regulation, big U.S. banks are pushing for a lucrative change his appointees can execute without a legislative fight: easing annual stress tests.

4:17pm EDT

Akzo responds to PPG approach after takeover battle ends

AMSTERDAM Akzo Nobel, the Dutch paint maker that rejected a 26.3 billion-euro ($29.6 billion) takeover proposal from U.S. rival PPG Industries , has sent PPG a letter shortly after its suitor walked away, detailing its objections to doing a deal.

12:31pm EDT

Morgan Stanley shuffles wealth management unit

Morgan Stanley has shuffled its wealth unit, eliminating a layer of management and promoting two key executives, according to a memo reviewed by Reuters on Friday.

12:12pm EDT

Lawsuit accusing Whole Foods of overcharging is revived: U.S. appeals court

NEW YORK A federal appeals court on Friday ordered Whole Foods Market Inc to face a proposed class-action lawsuit accusing it of overcharging shoppers in New York City by overstating the weight of pre-packaged food in its supermarkets.

1:19pm EDT

Alibaba's Jack Ma invited to join bid for L'Oreal's The Body Shop: sources

LONDON European private equity firm Investindustrial has invited the investment vehicle of Alibaba's founder Jack Ma to join a consortium offering to buy L'Oreal's The Body Shop for more than 800 million euros ($900 million), sources familiar with the matter said on Friday.

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