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Lunch Wrap

On FT Alphaville this morning,

- What does it take to make a “bad bank”?

- Catch up with the debate on central banks as the buyers of last resort.

- The UK’s credit drought looks set to worsen.

- Is Europe yearning for its own GSE?

- The writedown league tables you’ve all been waiting for.

- There’s the latest numbers on Bill Ackman’s big bet. The one that lost money.

- For the brave: the ins and outs of Chinese corporate governance.

- Soros on a “fundamental market misconception.”

- Read what Goldman has to say on the UK banks, Markets Live.

On FT.com this morning,

- The Co-Op got crunched. The Co-Operative Bank has lost £31.8m on holdings of SIVs.

- Leading construction companies are braced for fines and bad publicity in a long-running price-fixing probe.

- Lloyd’s of London is preparing for a downturn in the insurance market.

- Profit taking leads European bourses lower.

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