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FRANKFURT, Germany (AP) — Shares in troubled Italian bank Monte dei Paschi di Siena have plunged after news reports that the bank's request for more time to raise new capital from investors has been rejected by regulators.
WASHINGTON (Reuters) - President-elect Donald Trump has asked Goldman Sachs executive Gary Cohn to head his White House National Economic Council, a group tasked with coordinating economic policy across agencies, NBC News reported on Friday. Cohn, president and chief operating officer at the Wall Street firm, had been widely considered the heir apparent to Goldman CEO Lloyd Blankfein. (Reporting by Tim Ahmann; Editing by Jason Lange)
SEOUL, South Korea (AP) — Park Geun-hye could always rely on one unwavering gift throughout a political career that saw a triumphant return as South Korea's first female president to the palatial Blue House where she'd lived as a girl: She enjoyed the reflected devotion, some might say worship, that half the country felt for her late dictator father.