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UBS

Banks post sluggish first-half results

LONDON & ZURICH - UK banks followed regional peers by reporting a sharp year-on-year drop in first-half revenues from fixed-income and currencies businesses, which were marred by a falloff in volatility and a retreat from risk.

Markets brace for stress tests

LONDON – The euro traded firmly ahead of the European bank stress test results last Friday (July 23), despite expectations several banks will fail. But analysts warned the common currency is still a risk asset.

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