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Banking

WireTap 0900 17/01/2011

A round-up of the top stories from around the specialist financial media, including news that S&P has downgraded Europe's bailout fund




S&P downgrades eurozone bail-out fund

Standard & Poor’s on Monday stripped the eurozone’s bail-out fund of its AAA credit rating, potentially constraining its ability to contain the region’s debt crisis and focusing attention on efforts to create a more robust successor.

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Moody's is assessing its outlook on France

Moody's Investors Service on Monday said that its stable outlook on France's triple-A credit rating remains under pressure and that it will assess it during the first quarter.

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China GDP beats estimates

China’s economy expands 8.9% in fourth quarter, setting the stage for further monetary easing.

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RBS sells aircraft leasing business for $7.3bn

Sale to Sumitomo Mitsui Financial ends months of talks

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Morgan Stanley caps cash bonus at $125,000

Banker compensation to be mostly deferred

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