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*UK, EU regulators seek curbs on commission system. LONDON, Aug 10- Regulatory pressure to undo the traditional way brokers sell research alongside share dealing is alarming traders in Europe, who fear a further drop in business and more cost-cutting in an already tough environment.
Bank of America Corp. rose$. 08 or. 5 percent, to $15.20. Citigroup Inc. rose$. 39 or. 8 percent, to $48.45. Goldman Sachs rose $3.16 or 1.9 percent, to $172.26.
Bank of America Corp. fell$. 05 or. 3 percent, to $15.08. Citigroup Inc. fell$. 14 or. 3 percent, to $47.92. Goldman Sachs rose $1.42 or. 8 percent, to $170.52.
LONDON, Aug 8- A year after the Bank of England launched forward guidance on monetary policy, Governor Mark Carney faces the opposite challenge next week- to say as little as possible about exactly when interest rates will start rising. Carney is due to present the British central bank's updated economic forecasts at 0930 GMT on Wednesday.
NEW YORK, Aug 8- The yen and Swiss franc rose on Friday as investors sought the relative safety of these currencies after yet another spurt of geopolitical tension that saw the United States launch an air strike against Iraq for the first time since American troops withdrew in 2011..
Bank of America Corp. fell$. 09 or. 6 percent, to $15.03. Citigroup Inc. fell$. 14 or. 3 percent, to $47.92. Wells Fargo fell$. 14 or. 3 percent, to $49.56.
LONDON, Aug 8- The euro gained back some ground against the dollar and sterling on Friday, while investors sought the traditional safety of the yen and Swiss franc after U.S. President Barack Obama approved air strikes in Iraq.
Talking Squawk, the official "Squawk Box" blog, provides tidbits, insights, and some sarcastic reflections on the WEEK THAT WAS and the WEEK TO COME.
Goldman said it was being investigated for its U.S. alternative trading system and for the potential misuse and circulation of non-public information.
Aug 7- Goldman Sachs Group Inc said it was being investigated for its U.S. alternative trading system and for the potential misuse and circulation of non-public information related to its corporate developments.
LONDON, Aug 6- The U.S. economy continues to recover from the depths of the Great Recession, although its speed, trajectory and cruising altitude remain the subject of fierce debate. Instead, companies have chosen to dip into their collective $1.8 trillion pile of cash to re-hire workers, fund merger and acquisitions activity or buy back their own shares.
*Trade deficit narrows to $41.5 billion in June. The Commerce Department said on Wednesday the trade gap shrank 7.0 percent to $41.5 billion, the lowest reading since January. "The improvement in June could mean a modest upward revision to the second-quarter GDP estimate," said Millan Mulraine, deputy chief economist at TD Securities in New York.
*NATO says concerned about threat of Russia entering Ukraine. LONDON, Aug 6- The euro fell to a nine-month low against the dollar on Wednesday as Italy reported it had fallen back into recession in the second quarter, German data showed industrial performance slumped in June and concern grew over conflict in Ukraine.
BEIJING, Aug 6- A raft of China data over the coming week will give the first indications of the economy's third-quarter performance, after conflicting signals suggested that more stimulus measures may be needed to ensure a sustained recovery.
LONDON, Aug 6- The euro recovered a touch after sliding to a nine-month low against the dollar on Wednesday, hit by a sharp drop in German industrial orders and uncertainty about the intentions of Russian troops operating near the Ukrainian border.
NEW YORK, Aug 5- California's attorney general may sue Morgan Stanley over money-losing mortgage bonds that the state's biggest public pension fund purchased in a $1.3 billion deal before the financial crisis, the bank said in a securities filing on Tuesday.
WASHINGTON, Aug 5- U.S. regulators on Tuesday told banks to come up with better living wills, inching a step closer to taking action if these plans to avoid taxpayer bailouts during a future crisis were still deficient next year.
So-called living wills submitted by big banks are "not credible" and have to be revised by next July, federal regulators said on Tuesday.
WASHINGTON, Aug 5- U.S. and African companies and the World Bank on Tuesday pledged more than $17 billion in investments in construction, energy and information technology projects in Africa to showcase U.S. economic interest in the fast-growing region.
WASHINGTON, Aug 5- U.S. companies pledged new investment in Africa on Tuesday as part of $14 billion in construction, clean energy, banking, and information technology projects to be unveiled by U.S.