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Lunch Wrap

On FT Alphaville Wednesday morning,

- Kraft’s credit.

- RBS and Lloyds “most exposed” to CRE.

- Spanish catastrophe, datapoint del dia.

- Tear down this hybrid capital wall.

- Bonfire of the bears - Yell edition.

- The taxation of WTOW 2006-3.

- Kradbury: The homespun side of mega-bid battles.

- China discovers the joy of DIY debt.

- A still sickly bull in Pink picks.

- Dick Fuld’s comeback in Further reading.

- Banks, gold and Kraft on Markets Live.

On FT.com,

- Gold steadies below $1,000.

- Equities rally pays out for IG Group.

- Bourses helped by Commerzbank pledge.

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