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Reuters - Germany offered a blanket bank deposit guarantee on Sunday in a bid to contain the spreading credit crisis as officials clinched deals to rescue Germany's Hypo Real Estate and recapitalize two other European banks.
Reuters - Wachovia Corp will pursue a deal to sell itself to banking rival Wells Fargo &Co. despite an attempt by Citigroup Inc to block the deal, with a showdown in court set for Tuesday.
Reuters - Germany acted to stem turmoil in its financial sector Sunday, thrashing out a new rescue for imperiled lender Hypo Real Estate and, in a surprise move, pledging to guarantee private savings accounts.
Reuters - Asian stocks fell 2-3 percent on Monday, led by shares of exporters, after a hectic weekend in Europe as the financial crisis gathered steam there, knocking the euro to the lowest in a year.
Reuters - BNP Paribas took control of the Belgian and Luxembourg businesses of troubled financial group Fortis on Sunday in a complex rescue that will make Belgium the French bank's biggest shareholder.