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Business Maverick: Fed and global central banks move to boost dollar fundingThe Federal Reserve and five other central banks announced coordinated action on Sunday to boost liquidity in dollar swap arrangements, the latest effort by policymakers to ease growing strains in the global financial system.
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Stocks plunge despite Credit Suisse buyout, central banks' pledgeEquities sank Monday on fears about the financial sector, despite news of UBS's takeover of embattled Credit Suisse and central bank pledges to provide liquidity to troubled lenders.
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