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NatWest's £77m loss: NatWest Group, the parent company of NatWest Markets, will be taking a net charge of £77 million against its profits in the first half of this year, according to a bank spokesperson. The £77 million charge covers losses resulting from the bank's recent interest rate options trading scandal. (RMO, March 10).
BZW takes Summit: BZW, the investment banking subsidiary of Barclays Bank, has signed a global deal with New York-based Summit Systems. Bank officials confirm that BZW
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