Tuesday, December 20, 2016

BRIEF-Fifth Third Bancorp increases qtrly cash dividend to $0.14 per share

* Fifth third bancorp increases quarterly cash dividend on

its common stock approximately 8% to $0.14 per share

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Europe's bank troubles limited to a few lenders: ECB's Praet

FRANKFURT, Dec 20 (Reuters) - Europe's banking troubles are

limited but the broader issue is weak profitability and an

excessive number of banks, European Central Bank chief economist

Peter Praet said in a newspaper interview.

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BRIEF-Societe Tour Eiffel acquires offices worth 145 mln euros

* La Société de la Tour Eiffel acquires a 85,000 square meters of offices in Nanterre (92)

worth 145 million euros ($150.74 million)

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($1 = 0.9619 euros)

(Gdynia Newsroom)

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UPDATE 1-Hedge fund Ardmore shutting, manager moving to Citadel's Aptigon

BOSTON, Dec 20 (Reuters) - Prominent technology investor

Chris Connor is shutting down his hedge fund less than one year

after launching it and will be joining Citadel, one of the

industry's biggest players, two sources familiar with the move

said on Tuesday.

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France's BNP Paribas builds up its M&A team in Britain

PARIS, Dec 20 (Reuters) - BNP Paribas plans to add two

senior people to its 15-strong London team covering British M&A

and take on an equity capital markets banker too, part of a plan

to boost its investment banking market share outside France,

banking executives told Reuters.

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BRIEF-Bluerock residential growth REIT acquires 324-unit apartment property in Austin, TX

* Transaction was further capitalized with a senior loan in

amount of approximately $34.8 million

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UPDATE 1-Morgan Stanley to pay $7.5 mln over customer protection violations

WASHINGTON, Dec 20 (Reuters) - Morgan Stanley will

pay $7.5 million to settle civil charges that it violated

customer protection rules when it used trades involving customer

cash to lower its borrowing costs, U.S. securities regulators

said on Tuesday.

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