WireTap 1400 22/11/11

Fears rise over UK financial system 

The latest Bank of England risky survey has found that fears over the UK financial system are at their highest since 2008.

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BofA warned by regulators to get stronger: report 

Bank of America have been informed by US regulators it could face public enforcement action if the bank does not take sufficient steps to strengthen itself.

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China may post trade deficit next year: adviser 

An academic advisor to the People’s Bank of China has warned that China’s trade balance risks slipping into a deficit for the first time in two decades

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U.S. targets Iran oil industry, central bank

The US has expanded measures against Iran, imposing sanctions against its central bank and oil industry 

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Thomas Cook plunges on £1bn debt fears 

Shares in Thomas Cook have plunged by more than 70% after the tour operator was forced to renegotiate its debt burden for the second time in a month.

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EU warns Greece on bailout

The EU has warned Greece that it will require written pledges to back reforms from political leaders before it agrees to loan further money.

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