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WireTap 0900 27/02/12

A round-up of the key stories across the specialist financial media, including news that the G20 is putting further pressure on Germany to increase the size of the European bailout fund

G20 to Europe: show us the money

Leading economies told Europe it must put up extra money to fight its debt, putting pressure on Germany to drop its opposition to a bigger European bailout fund.

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Lloyds and RBS eye €15 billion ECB loans

Britain’s two part-nationalised banks plan to tap the European Central Bank’s special three-year funding scheme for a combined amount of around €15 billion, on a par with some of the eurozone’s largest banks.

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Wells Fargo set for further expansion

Wells Fargo plans to increase the size of its wealth management and insurance divisions through acquisitions as well as buying more assets from shrinking European banks, its chief executive says.

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China's stocks rise to three-month high on optimism of government support

China’s benchmark stock index rose to a three-month high on expectations the government will further loosen monetary policies to spur economic growth.

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World Bank chief urges reforms for Beijing

World Bank president Robert Zoellick said China's economic growth model is unsustainable and urged deep reforms to avoid a sharp downturn on growth during the coming two decades.

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