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In spite of the bad news from Italy, major U.K. banks are rallying strongly today, perhaps...

Nov. 25, 2011 11:38 AM ETLloyds Banking Group plc (LYG) StockBAC, GS, C, MS, WFC, BCS, LYG, NWGBy: Eric Jhonsa, SA News Editor
In spite of the bad news from Italy, major U.K. banks are rallying strongly today, perhaps bolstered by Lloyd's (LYG +6.7%) deal on Thursday to sell $1.75B in distressed loan assets. RBS +9.3%. BCS +5.4%. Their American counterparts aren't doing too badly either. GS +2.1%. MS +2.8%. BAC +2.4%. C +2.6%. WFC +1.9%.

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