PRESS DIGEST-Financial Times, Wall St Journal Asia editions

SINGAPORE, Oct 6 (Reuters) - The Financial Times and the Wall Street Journal carried the following stories in their Asia print and/or Web site editions on Monday. Reuters has not verified these stories and does not vouch for their accuracy.

FINANCIAL TIMES (www.ft.com)

-- The Federal Reserve and U.S. Treasury were on Sunday night under increasing pressure to follow passage of the $700 billion financial rescue plan with further measures to shock the ailing credit markets back to life.

-- Germany said it would guarantee all private German bank accounts -- currently worth 568 billion euros -- in a dramatic move to prevent panic withdrawals as fears over the worldwide financial crisis spread to Europe's largest economy

-- Lehman Brothers LEH.N lobbied the U.S. Federal Reserve this summer to be given access to much-needed liquidity, but was unable to convince the regulators, just two months before the Fed endorsed similar proposals from Goldman Sachs and Morgan Stanley.

-- The credit derivatives markets will today set the price tag for settling up to $500 billion of contracts related to Fannie Mae and Freddie Mac, the U.S. mortgage lenders whose seizure by the US government had the unexpected knock-on effect of triggering defaults on derivatives deals.

WALL STREET JOURNAL (www.wsj.com)

-- A judge temporarily blocked the sale of U.S. bank Wachovia WB.N sale to Wells Fargo (WFC.N: Quote, Profile, Research), while people familiar with the matter said Citigroup (C.N: Quote, Profile, Research) had offered last week to sweeten its bid for the bank.

-- Germany guaranteed all private savings accounts as the country sought a rescue plan for Hypo Real Estate, and Belgium aimed to find a new owner for Fortis.

-- China's securities regulator said Sunday it would shortly begin a trial program allowing securities firms to engage in margin lending and short selling, long considered necessary to help the country's stock market mature beyond its repeated boom-bust cycles.