The International Monetary Fund said European banks may need to sell as much as $4.5 trillion in assets through 2013 if policy makers fall short of pledges to stem the fiscal crisis, up 18 percent from its April estimate.
21:17 - First-time filings for unemployment benefits grew more than expected for the past week, increasing to an eight-week high of 282,000. Bloomberg's Vonnie Quinn reports on "Market Makers." (Source: Bloomberg)
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