The Federal Reserve has proposed to let banks park their reserves at the central bank in a move aimed at weaning the economy off extraordinary infusions of cash and curbing inflation.

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JPMorgan Chase & Co chief executive Jamie Dimon told Alistair Darling, UK Chancellor of the Exchequer that his 50% tax on banker bonuses would unfairly penalize the US bank. 

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A lot of the world's leading equity markets for the year 2009 hit fresh highs, encouraging investor appetite for riskier assets leading to a loss for the US currency. With the absence of fresh positive US economic data, market participants appear to be trimming some of their recent bets ahead of year-end.

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