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Australian councils may sue over CPDOs (at FT.com: Sun, 25 May 2008 19:00:14 Etc/GMT) Local councils in Australia are considering legal action over the sale of a complex debt product that has been downgraded to sub-investment grade and fallen in value by more than half. |

Former Bank of Italy governor to stand trial (at FT.com: Fri, 23 May 2008 19:35:23 Etc/GMT) The former governor of the Bank of Italy was Friday ordered to stand trial in October over alleged wrongdoing in the country's banking scandal of 2005. |

Aviva to exit joint venture with ABN Amro (at FT.com: Wed, 21 May 2008 13:05:21 Etc/GMT) Aviva, the UK's biggest insurer, is in talks to sell its 51 per cent stake in a Dutch distribution joint venture with ABN Amro to Fortis, the Belgo-Dutch financial services group. |

CPDOs expose ratings flaw at Moody's (at FT.com: Tue, 20 May 2008 22:40:23 Etc/GMT) When the craze for CPDOs erupted in financial markets in late 2006, some observers quipped that these new products were like something out of a sci-fi blockbuster. |

Barclays brings ABN rainmakers on board (at FT.com: Tue, 13 May 2008 19:25:27 Etc/GMT) Barclays has signalled ambitions to push into mergers and acquisitions by poaching five senior investment bankers from ABN Amro, seven months after the UK lender lost out to Royal Bank of Scotland in a battle for the Dutch bank. |

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Reality check for Endemol lenders (at FT.com: Fri, 9 May 2008 23:40:21 Etc/GMT) It is Deal or no Deal time for Endemol's lenders. Six banks face potential losses of up to EU400m as they try to sell on debt taken on to finance the game show producer's takeover last year just before leveraged finance markets seized up. |





Door slams on residential derivatives (at FT.com: Wed, 30 Apr 2008 21:20:16 Etc/GMT) Trading in residential property derivatives has slowed almost to a standstill, owing to widespread fears about the housing market, which have hit direct sales. Bankers say there are few buyers for residential derivatives, which allow investors to bet against movements in the house price index. |






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