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Banking

WireTap 1400 22/11/11

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

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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