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Banking

WireTap 0900 02/12/12

A round-up of the key stories across the specialist financial media, including reports that a eurozone fiscal compact may trigger a more aggressive response from the ECB.


Draghi hints at eurozone aid plan

Mario Draghi has hinted that a “fiscal compact” could be the beginning of a more aggressive ECB response to Europe’s debt crisis.

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MF Global accessed client funds for weeks

US authorities investigating the collapse of MF Global have indicated that the broker was dipping into client funds for weeks before its collapse.

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Goldman, HSBC forecast China rate cut

Goldman Sachs and HSBC are predicting an interest rate cut from China in 2012.

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Europe's lenders find branch trumps a unit

European banks are restructuring their businesses outside their home countries to reduce the impact of regulations adopted in response to the financial crisis.

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Nikkei logs biggest weekly gain in 2 years

The Nikkei average shows the biggest weekly advance in two years today – though worries over Europe are keeping the mood from being too upbeat.

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