• Afghan officials defend Kabul Bank
  The Central Bank of Afghanistan has said it won't allow the country's biggest private financial institution to collapse in the wake of U.S. media allegations of corruption and heavy losses. Kabul Bank's two most senior executives, chairman Sherkhan

• UK bank RBS job cuts reach 27,000
  London, England (FT.com) The cuts are part of a process to rationalise the RBS's back-office operations, halving to 10 the number of its key processing centres. As part of the exercise, sites in Leeds and Bolton will close next year, followed by Bristol,

• Financial Stocks: Financials rise after jobs, housing data
  BOSTON (MarketWatch) -- The U.S. financial sector was slightly higher Thursday as investors reacted to a flurry of economic data, including a modest drop in weekly jobless claims and a rise in pending home sales. The Financial Select Sector SPDR Fund

• Bernanke feared Lehman collapse
  WASHINGTON (MarketWatch) -- Federal Reserve Board Chairman Ben Bernanke said Thursday that he always thought a failure of Lehman Brothers Holdings would severely damage the U.S. economy. "I believed deeply that if Lehman was allowed to fail, or did fail,

• Bond Report: Treasurys pull back after jobs, productivity data
  BOSTON (MarketWatch) -- A slight decline in weekly jobless-claims data helped push Treasury prices lower early Thursday, one day after they fell sharply following surprisingly upbeat figures on business conditions in the nation's manufacturing sector.

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