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Banking

WireTap 0900 01/12/11

A round-up of the key stories across the specialist financial media, including news of the first contraction in China's PMI index in 3 years.


Chinese manufacturing activity slows

Chinese manufacturing activity has slowed for the first time in nearly three years.

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UBS brings back old risk boss after trading scandal

UBS has appointed Phillip Lofts back to his former role as chief risk officer, leaving his position as chief executive of UBS Americas.

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Spain, France bond sales take on EU crisis

Spain and France are auctioning €8.25 billion of bonds today, despite surging borrowing costs.

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Societe Generale said to sell $600 million of property loans

France’s second-largest bank has agreed to sell $600 million of property loans to the Australian Macquarie Group as the bank
continues to cut down on assets.

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Blackstone, Bain plan Yahoo bid: source

Blackstone Group and Bain Capital, along with Asian partners, are preparing a bid for Yahoo Inc that could value the company at around $25 billion.

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