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Federal authorities in New York have arrested a Bangladeshi man with “overseas connections to al-Qaida” who planned to blow up the Federal Reserve. Quazi Mohammad Rezwanul Ahsan Nafis was provided with “inert explosives” by federal agents and closely monitored by the FBI as he tried to act out his plot, according to the Associated Press. Federal prosecutors said Nafis had proposed several spots for his atta ...

AFP - Moody's credit rating agency on Thursday downgraded the world's oldest bank, Italy's Banca Monte dei Paschi di Siena, to "junk" status on worries government recapitalisation plans will prove insufficient. The lowering of BMPS's rating by two notches to "Baaa3", a non-investment grade, reflects Moody's view that "there remains a material probability that the bank will need to seek further external supp ...

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