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Banking

WireTap 1400 25/11/11

A round-up of the key stories across the specialist financial media, including coverage on Italy's ever-increasing borrowing costs


Italy Sells 8 billion Euros of Bills as Costs Surge 

Italy sells 8 billion euros of debt at surging rates.

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Banks criticised for treatment of Greek bonds 

The EU markets regulators has criticised the way that banks and insurers took relatively small losses on their Greek government holdings

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Rating firms' MF Global role to be explored 

US legislators plan to scrutinise the relationship between Jon Corzine and the credit ratings firms that downgraded the brokerage prior to its bankruptcy

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IMF warns Japan on threat of debt 

The IMF has warned that market concerns over fiscal sustainability could trigger a surge in Japanese government bond yields

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Hungary denounces Moody's downgrade 

Hungary’s economy minister has claimed a downgrade to junk of Hungary’s credit rating is baseless and part of a series of financial attacks on Hungary

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China to probe US clean energy subsidies 

China has launched a probe into US subsidies for renewable energy, the latest event in a trade dispute between the world’s biggest energy users

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