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INVESTMENT BANKING, RETAIL BANKING | Staff Reporter, Singapore
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Weekly Global News Wrap Up: Bitcoin ETF to have a significant upside; Citigroup's profits to benefit less from tax cuts

And Indonesia bans JPMorgan from the next dollar sukuk issuance.

CNBC reports that Bitcoin followers are assigning far too high a likelihood that regulators will OK a fund that tracks the cryptocurrency, which is too bad because approval would provide a major boost to its price, according to one analyst. Read more here.

According to Reuters, a number of bank stock analysts have worked through broad tax proposals by Republicans and President-elect Donald Trump and estimate that a new tax law could increase Citigroup earnings per share only half as much as some rivals. Read the full story here.

Indonesia has barred U.S. bank JPMorgan Chase & Co from submitting an underwriting proposal for its next issuance of dollar-denominated Islamic bonds, a finance ministry official said on Monday. Read Reuters' report here.

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