The Latest Financial And Sharemarket News (2)

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Mnuchin will have 180 days to report back to Trump on the liquidation authority, a instrument for federal banking regulators to use if they need to step in during a financial emergency and help a failing financial institution unwind. The report will provide views on utilizing bankruptcy instead, the impression of failing corporations on financial stability, and whether the authority could drive up taxpayer prices or encourage excessive danger-taking.

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The cable big now streams a 3rd of its …