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	<title>FT Alphaville</title>
	<link>http://ftalphaville.ft.com/blog</link>
	<ft:rsslink>http://ftalphaville.ft.com/blog/feed/</ft:rsslink>
	<description>FT Alphaville from FT.com</description>
	<copyright>Copyright The Financial Times Ltd 2006. "Alphaville", "FT" and "Financial Times" are trademarks of the Financial Times.</copyright>
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	<pubDate>Tue, 24 Nov 2009 17:33:38 +0000</pubDate>
	<lastBuildDate>Tue, 24 Nov 2009 17:33:38 +0000</lastBuildDate>
	<ttl>15</ttl>
	<category>Newspapers</category>
	<image><url>http://news.ft.com/cms/d1f3ce1a-6bbe-11da-bb53-0000779e2340.gif</url><title>FT.com - Alphaville</title><link>http://www.ft.com/home/uk</link></image>
	<language>en</language>
				<item>
		<title>UBS is not a &#8220;below average&#8221; bank</title>
		<link>http://ftalphaville.ft.com/blog/2009/11/24/85066/ubs-is-not-a-below-average-bank/?source=rss</link>
		<guid>http://ftalphaville.ft.com/blog/2009/11/24/85066/ubs-is-not-a-below-average-bank/</guid>
		<description><![CDATA[Swiss bank UBS has responded to Monday's report from Standard & Poor's, which you may recall  ranked 45 of the world's leading banks according to their  risk-adjusted capital (RAC) ratios.

By S&P's reckoning, UBS was near the bottom of the pile, with a RAC ratio of 2.2 per cent. In contrast, S&P gave HSBC a 9.3 per cent ratio,...]]></description>
		<comments>http://ftalphaville.ft.com/blog/2009/11/24/85066/ubs-is-not-a-below-average-bank/#comments</comments>
		<pubDate>Tue, 24 Nov 2009 17:33:38 +0000</pubDate>
			</item>
			<item>
		<title>The upcoming UK tracker time-bomb</title>
		<link>http://ftalphaville.ft.com/blog/2009/11/24/85036/the-upcoming-uk-tracker-time-bomb/?source=rss</link>
		<guid>http://ftalphaville.ft.com/blog/2009/11/24/85036/the-upcoming-uk-tracker-time-bomb/</guid>
		<description><![CDATA[The world may by now be familiar with the ticking financial time-bomb represented by Option ARM mortgages.

According to Fitch up to $100bn of such mortgages -- an adjustable-rate home loan that allows the borrower to choose whether to pay interest or principal -- will recast from introductory, teaser rates to higher rates within the next two years,...]]></description>
		<comments>http://ftalphaville.ft.com/blog/2009/11/24/85036/the-upcoming-uk-tracker-time-bomb/#comments</comments>
		<pubDate>Tue, 24 Nov 2009 16:30:41 +0000</pubDate>
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			<item>
		<title>Congressional Alpha</title>
		<link>http://ftalphaville.ft.com/blog/2009/11/24/85046/congressional-alpha/?source=rss</link>
		<guid>http://ftalphaville.ft.com/blog/2009/11/24/85046/congressional-alpha/</guid>
		<description><![CDATA[US legislators appear to be rather shrewd stock pickers.

Congressional equity portfolios outperformed the wider market by an average of 55 basis points per month from 1985 to 2001, according to research cited by the Washington Post.

From Monday's Post:

After examining trading data contained in financial disclosure forms from 1985 to 2001,...]]></description>
		<comments>http://ftalphaville.ft.com/blog/2009/11/24/85046/congressional-alpha/#comments</comments>
		<pubDate>Tue, 24 Nov 2009 16:10:31 +0000</pubDate>
			</item>
			<item>
		<title>FDIC&#8217;s insurance in the red, &#8216;problem banks&#8217; hit 16-year high</title>
		<link>http://ftalphaville.ft.com/blog/2009/11/24/85041/fdics-insurance-in-the-red-problem-banks-hit-16-year-high/?source=rss</link>
		<guid>http://ftalphaville.ft.com/blog/2009/11/24/85041/fdics-insurance-in-the-red-problem-banks-hit-16-year-high/</guid>
		<description><![CDATA[There are some shocking numbers in Federal Deposit Insurance Corp's (FDIC) quarterly banking report for the three months to September 30, which the agency released on Tuesday.

Numbers like: -$8.2bn and 552. The first figure represents the balance on the FDIC's insurance fund. That's right - for the first time since 1992,...]]></description>
		<comments>http://ftalphaville.ft.com/blog/2009/11/24/85041/fdics-insurance-in-the-red-problem-banks-hit-16-year-high/#comments</comments>
		<pubDate>Tue, 24 Nov 2009 15:45:35 +0000</pubDate>
			</item>
			<item>
		<title>Call off the search, Sports Direct edition</title>
		<link>http://ftalphaville.ft.com/blog/2009/11/24/85031/call-off-the-search-sports-direct-edition/?source=rss</link>
		<guid>http://ftalphaville.ft.com/blog/2009/11/24/85031/call-off-the-search-sports-direct-edition/</guid>
		<description><![CDATA[It's over.

After a two and half year search, the UK's biggest sports retailer has finally found someone brave enough to take on the job of chairman.

From RNS on Tuesday.

Sports Direct International plc today announces the appointment of Dr Keith Hellawell QPM as non-executive Chairman of the Board with immediate effect....]]></description>
		<comments>http://ftalphaville.ft.com/blog/2009/11/24/85031/call-off-the-search-sports-direct-edition/#comments</comments>
		<pubDate>Tue, 24 Nov 2009 15:23:37 +0000</pubDate>
			</item>
			<item>
		<title>The ECB&#8217;s delicate clean-up operation</title>
		<link>http://ftalphaville.ft.com/blog/2009/11/24/85021/the-ecbs-delicate-clean-up-operation/?source=rss</link>
		<guid>http://ftalphaville.ft.com/blog/2009/11/24/85021/the-ecbs-delicate-clean-up-operation/</guid>
		<description><![CDATA[Part of the ECB's strategy to help ease banks off the supply of emergency liquidity -- as announced on Friday -- includes toughening up the criteria on collateral being pledged for its repo transactions.

As the bank stated, the ECB will only accept securities rated by at least two different providers from March 2010 onwards:...]]></description>
		<comments>http://ftalphaville.ft.com/blog/2009/11/24/85021/the-ecbs-delicate-clean-up-operation/#comments</comments>
		<pubDate>Tue, 24 Nov 2009 14:58:22 +0000</pubDate>
			</item>
			<item>
		<title>European investment funds see risk appetite return</title>
		<link>http://ftalphaville.ft.com/blog/2009/11/24/84981/european-investment-funds-see-risk-appetite-return/?source=rss</link>
		<guid>http://ftalphaville.ft.com/blog/2009/11/24/84981/european-investment-funds-see-risk-appetite-return/</guid>
		<description><![CDATA[Well what do you know. The latest research from Greenwich Associates has found that risk appetite has returned among retail clients of European investment funds -- particularly for corporate bonds.

Greenwich surveyed nearly 200 intermediary distributors of investment funds in Europe and found that their retail clients are looking to boost returns with new investments in “high risk” equity products and fixed-income credit products....]]></description>
		<comments>http://ftalphaville.ft.com/blog/2009/11/24/84981/european-investment-funds-see-risk-appetite-return/#comments</comments>
		<pubDate>Tue, 24 Nov 2009 14:31:53 +0000</pubDate>
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		<title>[Galleon] Raj Rajaratnam denies allegations of insider trading</title>
		<link>http://ftalphaville.ft.com/blog/2009/11/24/85026/galleons-raj-rajaratnam-denies-allegations-of-insider-trading/?source=rss</link>
		<guid>http://ftalphaville.ft.com/blog/2009/11/24/85026/galleons-raj-rajaratnam-denies-allegations-of-insider-trading/</guid>
		<description><![CDATA[Raj Rajaratnam, the billionaire founder of the Galleon hedge fund accused by the US Securities and Exchange Commission of insider trading, has rejected the charges against him.

In a court filing on Tuesday, Mr Rajaratnam denied the SEC's allegations and accused the government of violating his constitutional rights with its use of wiretaps....]]></description>
		<comments>http://ftalphaville.ft.com/blog/2009/11/24/85026/galleons-raj-rajaratnam-denies-allegations-of-insider-trading/#comments</comments>
		<pubDate>Tue, 24 Nov 2009 14:03:02 +0000</pubDate>
			</item>
			<item>
		<title>Lunch Wrap</title>
		<link>http://ftalphaville.ft.com/blog/2009/11/24/85016/lunch-wrap-599/?source=rss</link>
		<guid>http://ftalphaville.ft.com/blog/2009/11/24/85016/lunch-wrap-599/</guid>
		<description><![CDATA[On FT Alphaville on Tuesday morning,

- The Bank of England's £61.6bn HBOS, RBS rescue.

- M&A boardroom buddies work both ways.

- JGB murders: A novel and illuminating take on JGBs.

- And now Chinese banks are under-capitalised.

- Leverage and the Lloyd's List. 

- A memo to Mike Lynch....]]></description>
		<comments>http://ftalphaville.ft.com/blog/2009/11/24/85016/lunch-wrap-599/#comments</comments>
		<pubDate>Tue, 24 Nov 2009 12:23:01 +0000</pubDate>
			</item>
			<item>
		<title>The Bank of England&#8217;s £61.6bn HBOS, RBS rescue</title>
		<link>http://ftalphaville.ft.com/blog/2009/11/24/85011/the-bank-of-englands-616bn-hbos-rbs-rescue/?source=rss</link>
		<guid>http://ftalphaville.ft.com/blog/2009/11/24/85011/the-bank-of-englands-616bn-hbos-rbs-rescue/</guid>
		<description><![CDATA[We finally have the details of the emergency liquidity assistance, or ELA, provided by the Bank of England to RBS and HBOS at the peak of the crisis last year.

The figures, which were deemed too sensitive to be released at the time, are now seen fit for public consumption given that RBS has signed up for the Asset Protection Scheme and Lloyds Banking Group has embarked on an alternative capital raising strategy....]]></description>
		<comments>http://ftalphaville.ft.com/blog/2009/11/24/85011/the-bank-of-englands-616bn-hbos-rbs-rescue/#comments</comments>
		<pubDate>Tue, 24 Nov 2009 12:05:47 +0000</pubDate>
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