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Monday, February 27, 2012
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by Euromoney Skew
G20 to Europe: show us the money Leading economies told Europe it must put up extra money to fight its debt, putting pressure on Germany to drop its opposition to a bigger European bailout fund. Click here for the full storyLloyds and RBS eye 15 billion ECB loans Britains two part-nationalised banks plan to tap the European Central Banks special three-year funding scheme for a combined amount of around 15 billion, on a par with some of the eurozones largest banks. Click here for the full storyWells Fargo set for further expansion Wells Fargo plans to increase the size of its wealth management and insurance divisions through acquisitions as well as buying more assets from shrinking European banks, its chief executive says. Click here for the full storyChina's stocks rise to three-month high on optimism of government support Chinas benchmark stock index rose to a three-month high on expectations the government will further loosen monetary policies to spur economic growth. Click here for the full storyWorld Bank chief urges reforms for Beijing World Bank president Robert Zoellick said China's economic growth model is unsustainable and urged deep reforms to avoid a sharp downturn on growth during the coming two decades. Click here for the full story
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