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FT.com - Financials
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FT.com - Financials
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Deutsche Postbank faces big 2008 loss
The German retail bank expects to report a big 2008 loss after it eliminated its stocks portfolio at the end of last year, triggering large hidden losses
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BC Partners admits Foxtons mistake
Press conference was organised to highlight changes to its investment portfolio and its new strategy during the recession, adding that it was in 'good shape'
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Australian banks raise $23bn on funding markets
Australia's big four retail banks and Macquarie Group have raised an estimated US$23bn on the international wholesale funding markets since the start of December after Canberra agreed to guarantee term funding
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Germany takes Commerzbank stake
The German state on Thursday injected a further ?10bn into Commerzbank and took a 25 per cent stake to shore up the country's second-largest lender and allow it to complete the takeover of Dresdner Bank, its ailing rival
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Citi exposed to $1.4bn loss over LyondellBasell
Citigroup is to suffer a $1.4bn loss on its loans to LyondellBasell, the chemical group that placed dozens of its subsidiaries under bankruptcy protection this week after failing to restructure $26bn in debt
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