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2017-06-03 04:26 [BANK] Source:Netword
Guide:Business news & Financial news from Reuters.com.

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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