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Crisis having

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Global financial turmoil has had a major impact on the reserve management policies of two thirds of central banks and almost all are rethinking diversification tactics, a survey showed on Wednesday.

Paulson renews financial rules reform push in FT

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Former U.S. Treasury Secretary Henry Paulson called for an overhaul of financial regulation in an article in the Financial Times on Tuesday, largely reiterating a plan he proposed in March 2008.
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Lehman puts two bank units on market: source

Bankrupt Lehman Brothers Holdings Inc is auctioning a thrift and an industrial bank it owns, and the process is in the early stages, a source familiar with the matter said on Monday.
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Stocks to bounce at open on housing, bank hopes

Stocks were set to open flat to slightly higher on Tuesday, with sentiment underpinned by data showing a surprise jump in U.S. housing starts and by hopes that banks may be seeing some stabilization.
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Luxembourg seeks Madoff deal

Luxembourg said on Tuesday it would seek an out-of-court deal to end a protracted legal row about money UBS clients lost to Bernard Madoff that is damaging the country's reputation as a financial center.
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Stock futures signal opening bounce

Stock index futures signaled a bounce on Tuesday, with sentiment underpinned by hopes that banks may be seeing some stabilization, although there was caution ahead of data that could show the recession taking a further toll on the housing market.
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Stock futures flat to higher; eyes on Alcoa, Fed

U.S. stock index futures pointed to a flat to higher open on Wall Street on Tuesday, after Alcoa slashed its dividend and issued a plan to raise cash, and ahead of the Federal Reserve's two-day policy-setting meeting.
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Asia stocks at 1-month high as bears squeezed

Asian stocks climbed on Tuesday, with banks extending gains on hopes the struggling global financial system is stabilizing, despite reports showing the U.S. economy is deteriorating further.
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U.S. bank stocks soar on optimism but retreat on Amex

U.S. bank stocks, which had their best week on record last week, powered higher amid optimism they can soon return to profitability, only to give back their gains after American Express Co said more credit card customers are missing payments.
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U.S. bank stocks surge on optimism a bottom was hit

U.S. bank stocks, which had their best week on record last week, powered higher again on Monday amid optimism that banks are succeeding in efforts to restore profitability, and that a change to accounting rules might alleviate feared capital shortfalls.
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Wells Fargo chair flays TARP, asinine stress test

Wells Fargo & Co's chairman lambasted the U.S. government for imposing new curbs on lenders that receive federal bailout money, and called the federal plan to subject big banks to stress tests asinine.
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Wall Street up as Barclays news boosts banks

Stocks rose for a fifth day in a row on Monday after Barclays joined other major banks in saying it had a strong start for 2009, fueling hopes that the beaten-down sector may be stabilizing.
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Barclays eyes iShares sale, shares surge

British bank Barclays Plc said it is considering selling iShares, part of its fund management arm, and said it was trading strongly, sending its stock up by more than a fifth.
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GE shares back above $10

Shares of General Electric Co rose above $10 on Monday for the first time in almost a month after an analyst at UBS lifted a short-term sell rating from the stock.
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Stocks set for higher open

Stocks on Monday were set to extend their recovery from 12-year lows reached earlier this month after Britain's Barclays became the latest bank to buoy hopes that some stabilization may be returning in banking.
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Barclays confirms talks on iShares sale

British bank Barclays Plc on Monday confirmed it had discussed selling its iShares unit and said it was trading strongly, sending its shares up by more than a fifth.
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Stock futures rise as Barclays adds to bank optimism

Stock futures rose on Monday, putting Wall Street on course to extend its recovery from 12-year lows reached earlier this month, after Britain's Barclays became the latest bank to buoy hopes that some stabilization may be returning in banking.

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