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WireTap 0900 23/11/11

A round-up of the key stories across the specialist financial media.

EU Banks Struggle to Lure Deposits

An intensifying battle for deposits among European banks is putting pressure on the Continent's banking system, threatening to deprive lenders of a key source of funding as the cost of attracting customers rises.

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Corzine called to testify on MF Global collapse

A congressional committee has scheduled a hearing for December 15 to examine the events leading up to the firm’s bankruptcy filing.

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Nomura steps up its asset sale plans
Japanese bank is in talks with big private equity firms about the possible sale of domestic businesses as it aims to shore up its capital buffers.

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Dodd-Frank Law May Hinder Crisis Response by U.S. Policy Makers
Federal Reserve Chairman Ben S. Bernanke and fellow U.S. policy makers may find themselves hampered in restoring financial stability should the European debt crisis spread to America, says Bloomberg

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Pimco’s El-Erian Says U.S. Economic Setting ‘Terrifying’

Pacific Investment Management Co.’s Chief Executive Officer Mohamed A. El-Erian said U.S. economic conditions are “terrifying” as the nation struggles to recover from recession.

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Asian stocks fall after weak China data

Most Asian share markets traded with sharp losses Wednesday after a poor manufacturing survey from China added to worries about the trajectory of global growth, says Marketwatch.

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Wall Street Unoccupied With 200,000 Job Cuts

Bloomberg unveils the troubling setting for employment in the financial sector

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