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Banking

WireTap 0900 16/11/11

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

Ermotti to represent UBS plan to investors

After being confirmed as the CEO of UBS, Sergio Ermotti is to present a plan on the troubled swiss bank to investors.

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MF Global trustee moves to return £329 million in client cash 

The trustee overseeing the bankruptcy of commodities brokerage MF Global has apparently filed for permission to release 60% of the near $900 million in client cash that has been frozen at the firm.

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Citi posied to slash more jobs

The WSJ exclusively reports that Citi is preparing to eliminate 900 jobs in its securities and banking division, or about 5% of the unit's worldwide staff.

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Olympus says preparing legal action against executives
 

Reuters' exclusive story reveals that Japan's disgraced Olympus Corp is preparing to take legal action, including possible criminal complaints, against any executives found responsible for the accounting scandal that has engulfed the firm.

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