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Situational awareness:

  • The Office of the Comptroller of the Currency, one of big bank regulators, said it would cut banks’ supervision fees by 10%. (Reuters)
  • Shares of Alibaba closed up more than 6% in the company’s Hong Kong trading debut. (FT)

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Did you know: When Janet Yellen ran the Fed, she got hate emails from angry savers who wanted higher interest rates. Apparently, her email address at the time — Janet.Yellen@FRB.gov — wasn't hard to figure out.