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Banking

WireTap 0900 16/12/11

A round-up of the key stories across the specialist financial media, including news that the EU may weaken legislation granting national regulators authority over clearing houses.


U.K. May Face Derivatives-Law Setback in EU

EU officials may weaken legislation granting national regulators authority over clearing houses, a provision that the UK feels is essential to preventing pressure on clearing houses to move into the Eurozone.

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IMF chief warns over 1930s-style threats

Christine Lagarde has warned that the global economy faces a struggle similar to that of the Great Depression.

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Deutsche Bank starts asset manager sale: sources

Deutsche Bank has launched a sale of a large portion of its global asset management business.

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Citigroup Said to Face Partial Japan Suspension

Citigroup is to be ordered to suspend some operations in Japan following the revelation of compliance failures.

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JPMorgan snares record low rates in bond sale

JP Morgan has sold $1.25 billion of 30-year bonds at historically low interest rate.

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