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Latest banking sector news from FT

Acquisitions boost Co-op results

An expanded Co-operative Group doubles annual profits, helped by the acquisitions of Somerfield supermarket and Britannia building societyMarch 18

Nomura appoints first foreigner to board

The group is to re-organise its non-retail operations and hand leadership of the global unit to a former top Lehman Brothers banker who had planned to leave the Japanese bank this monthMarch 17

US consumer protection proposals attacked

A US bank regulator joined financial executives in calling for changes to consumer protection rules proposed by Chris Dodd, the chairman of the Senate banking committeeMarch 17