| | | Fed's Yellen says economy steady enough for more hikes, bond wind down | | | WASHINGTON (Reuters) - The United States is healthy enough to absorb further gradual rate increases and the slow wind down of the massive bond portfolio accumulated by the Federal Reserve during the financial crisis, Fed Chair Janet Yellen said in prepared testimony to be delivered to Congress Wednesday morning. |
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| | | After dieselgate, Volkswagen loosens reins on empire | | | WOLFSBURG, Germany (Reuters) - When Volkswagen boss Matthias Mueller vowed to reform the carmaker after its emissions scandal, decentralizing power from its Wolfsburg headquarters in Germany was a top priority. |
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| | | RBS to pay $5.5 billion to resolve major U.S. mortgage probe | | | LONDON xx (Reuters) - Royal Bank of Scotland will pay $5.5 billion to settle one of the two major U.S. investigations into allegations it mis-sold mortgage-backed bonds that it needs to resolve before the government can sell its shares in the bailed-out bank. |
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