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WireTap 1400 16/04/12

A round-up of the key stories across the specialist financial media, including news that new global rules will require clearing houses to hold larger capital reserves.

Clearing houses face capital stress tests

Clearing houses and other central counterparties that handle complex securities transactions would be required to maintain enough capital and liquidity to withstand the simultaneous collapse of their two largest users under new global rules announced by securities and payments regulators.

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Obama bid to end too-big-to fail undercut as banks grow

Two years after President Barack Obama vowed to eliminate the danger of financial institutions becoming “too big to fail,” the nation’s largest banks are bigger than they were before the credit crisis.

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Spanish debt heading toward crisis levels

Spain's debt yields broke above 6 percent today as investors worried about its budget, knocking the euro and sending safe-haven German bonds to a record last set at the height of the eurozone crisis.

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Citigroup misses estimate on accounting cost as trading rebounds

Citigroup’s profit fell 2.3 percent, missing analysts’ estimates on a bigger-than-projected accounting cost. Trading revenue rebounded from the fourth quarter.

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Carlyle IPO values company at $7.61 billion

Private equity firm Carlyle Group said it is looking to raise between $701.5 million to $762.5 million in its initial public offering, as it presses on with its plans to catch up with rivals.

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