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Barclays plans hiring spree to drive private banking and wealth management

Barclays plans to hire 100 advisers for wealth management, targeting UK customers and expanding tech spending, while avoiding US markets due to competition and costs.

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Factbox-Brokerages still expect 25-bps US rate cut in December

Citigroup and major brokerages predict a 25-basis-point interest rate cut by the Fed in December 2023 following strong job growth and revised payroll data.

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• USD/CNY

China's Nov bank lending seen doubling as stimulus kicks in: Reuters poll

China's new yuan loans are projected to nearly double in November, reflecting increased credit demand amid government stimulus efforts to stabilize the economy and address a property market downturn.

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Factbox-Brokerages retain expectations of 25-bps rate cut from US Fed in December

Brokerages expect a 25-basis-point interest rate cut by the Federal Reserve in December following strong job growth data despite rising unemployment rates.

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Updated data points to less sharp, but still negative US nonfarm payrolls benchmark revision

The U.S. likely added 668,000 fewer jobs than estimated in the past year, with revisions and updates reflecting ongoing patterns post-pandemic.

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Barclays reaches $19.5 million settlement over $17.7 billion debt sale blunder

Barclays agrees to pay $19.5 million to settle a securities fraud lawsuit over $17.7 billion in unauthorized debt sales, denying wrongdoing despite acknowledging regulatory failures.

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• MS

Brazil's Lula nominates Bradesco head trader as central bank monetary policy director

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Factbox-Most brokerages retain expectations of 25-bps rate cut from US Fed in December

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Black Friday upside for UK retailers - Barclays

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Barclays fined £40m by FCA over disclosures related to Qatar dealings