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Lunch Wrap

On FT Alphaville this morning,

- More banking woes. UBS is losing its chairman.

- And a lot more besides. It does however have a new toxic bundle.

- Its Alt-A book is also looking a touch lighter.

- Investors are delighted. Or so the share price would have you believe.

- Meanwhile, from Deutsche Bank arises the spectre of the non-subprime writedown.

- There’s more good news in Markets Live.

- Surralun Sugar gives his considered view of the credit crisis.

- Mark Mobius thinks emerging markets are alive and well.

On FT.com this morning,

- More pressure at EADS after the AMF said it would launch sanctions proceedings against several present or former executives for alleged insider dealing.

- Equity markets shrugged off news of further bank writedowns to start the second quarter on a positive note.

- The final Harry Potter tome gave Bloomsbury a boost in 2007. What comes next?

- Lex on PetroChina’s burn out.

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