Basking in the shadows? Regulators are watching you
DAVOS, Switzerland Jan 26 (Reuters) – Unconventional lenders
that have enjoyed a cozy spot while central bankers were busy
trying to make banks stronger should watch out as shadow banking
is coming back on to regulators’ agenda.
Shadow banking, broadly described as intermediation by
non-banks such as hedge funds, private capital and venture
funds, has so far escaped traditional banking regulation even
though some regulators say it worsened the global financial
crisis.
Bankers, policymakers say Europe’s crisis not over
DAVOS, Switzerland, Jan 26 (Reuters) – International bankers
and finance ministers warned on Saturday that Europe’s crisis
was not over even though the euro currency is now stabilised, it
will take years to overcome economic malaise and mass
unemployment in Europe.
After a private meeting of leading commercial bankers,
government officials, central bankers and trade union officials,
UBS Chairman proposes industry-wide settlement over Libor
DAVOS, Switzerland (Reuters) – UBS Chairman Axel Weber raised the possibility of an industry-wide settlement for the rest of the banks involved in the Libor rate fixing scandal at a meeting of top bankers in Davos, sources familiar with the matter said.
Among the top bankers and officials present at the meeting on Thursday were Bank of Canada Governor Mark Carney, JP Morgan Chase Chief Executive Jamie Dimon, Citigroup CEO Mike Corbat and HSBC Chairman Douglas Flint. Carney is due to take over as head of the Bank of England later this year.
Exclusive: UBS Chairman proposes industry-wide settlement over Libor
DAVOS, Switzerland (Reuters) – UBS Chairman Axel Weber raised the possibility of an industry-wide settlement for the rest of the banks involved in the Libor rate fixing scandal at a meeting of top bankers in Davos, sources familiar with the matter said.
Among the top bankers and officials present at the meeting on Thursday were Bank of Canada Governor Mark Carney, JP Morgan Chase Chief Executive Jamie Dimon, Citigroup CEO Mike Corbat and HSBC Chairman Douglas Flint. Carney is due to take over as head of the Bank of England later this year.
UBS Chairman proposes industry-wide settlement over Libor
DAVOS, Switzerland, Jan 25 (Reuters) – UBS (UBSN.VX: Quote, Profile, Research)
Chairman Axel Weber raised the possibility of an industry-wide
settlement for the rest of the banks involved in the Libor rate
fixing scandal at a meeting of top bankers in Davos, sources
familiar with the matter said.
Among the top bankers and officials present at the meeting
on Thursday were Bank of Canada Governor Mark Carney, JP Morgan
Chase (JPM.N: Quote, Profile, Research) Chief Executive Jamie Dimon, Citigroup (C.N: Quote, Profile, Research) CEO
Mike Corbat and HSBC (HSBA.L: Quote, Profile, Research) Chairman Douglas Flint. Carney is
due to take over as head of the Bank of England later this year.
At Davos, bankers close in on Africa
DAVOS, Switzerland (Reuters) – Move over, China. The market that has got bankers attending the World Economic Forum at Davos this year excited is Africa.
“One market where we see plenty of opportunity is Africa,” Peter Sands, Standard Chartered’s (STAN.L: Quote, Profile, Research, Stock Buzz) chief executive, said during an interview. “It’s a part of the world that doesn’t get so much focus because everyone, quite rightly, is all excited about India and China and the whole ASEAN region.”
Banks try to put past sins behind them at Davos
DAVOS, Switzerland (Reuters) – Leaders of the world’s largest banks have gone some way to persuading investors that their industry’s near-death experience is over, even though the public still don’t trust them.
However, a recent rebound in banking shares – which has pushed the Thomson Reuters Global Banks index up five percent this year – possibly hides a crisis still threatening the existence of many in the sector as its leaders meet in Davos.
Exclusive: Rosneft could raise $10 billion bonds for TNK-BP deal
MOSCOW/LONDON (Reuters) – Russia’s Rosneft (ROSN.MM: Quote, Profile, Research, Stock Buzz) could raise as much as $10 billion on bond markets to finance its takeover of Anglo-Russian oil firm TNK-BP (TNBP.MM: Quote, Profile, Research, Stock Buzz), potentially matching loans backed by future oil exports.
Bankers familiar with Rosneft’s plans to finance the $55 billion deal to buy Russia’s No.3 oil firm say the state-controlled oil major was strongly encouraged by high investor demand for a recent $3 billion bond offering.
Rosneft could raise $10 bln bonds for TNK-BP deal
MOSCOW/LONDON, Dec 14 (Reuters) – Russia’s Rosneft
could raise as much as $10 billion on bond markets to finance
its takeover of Anglo-Russian oil firm TNK-BP,
potentially matching loans backed by future oil exports.
Bankers familiar with Rosneft’s plans to finance the $55
billion deal to buy Russia’s No.3 oil firm say the
state-controlled oil major was strongly encouraged by high
investor demand for a recent $3 billion bond offering.
Ireland’s O’Leary sails on despite betting probe
WEYMOUTH, England (Reuters) – Irish sailor Peter O’Leary is the subject of an Olympic investigation into an alleged bet he made on a competitor in a previous competition, a source close to the Irish Olympic team confirmed to Reuters on Sunday.
O’Leary, his face largely obscured by a black-hooded top and dark glasses was whisked past waiting reporters in the mixed zone at the Olympic sailing venue at Portland, close to the English seaside town of Weymouth.

