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Rash of sovereign defaults could mean big banks can't meet obligations.
Merger of transaction banking solutions providers could create a global player.
As Aug. 2 deadline approaches, leaders may settle for cuts of $1 trillion to $2 trillion.
Cloud offering seen as attempt to stave off competition from Google.
Deutsche Bank, UniCredit lose argument that requirement could stunt economic growth.
Last-in-first-out accounting provision on the table in debt talks with GOP leaders.
