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Jan 26, 2013

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,

Jan 25, 2013

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.

Jan 25, 2013

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.

Jan 25, 2013

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.

Jan 25, 2013

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.”

Jan 23, 2013

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.

Dec 14, 2012

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.

Dec 14, 2012

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.

Jul 29, 2012

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.

Jul 29, 2012

Dane Hogh-Christensen shades Ainslie on opening day

WEYMOUTH, England (Reuters) – Denmark’s Jonas Hogh-Christensen nailed his colors to the mast of his Finn single-handed heavyweight dinghy on Sunday, beating reigning Olympic champion Ben Ainslie into second position in both the first two races.

Hogh-Christensen used his near 10 kilo weight advantage over Briton Ainslie to good effect in blustery conditions on the waters of Weymouth Bay off the south coast of England, saying he would do everything he could to defend the record of Danish sailing great Paul Elvstrom.

    • About Alexander

      "I am a Reuters columnist specialising in financial services -- particularly investment banking, M&A and corporate finance. I am based in London, but have lived and worked in Spain and South America. I have been a journalist and editor for almost 19 years and before moving into commentary at the beginning of 2009 I was the editor responsible for Reuters coverage of company news in Europe, Middle East and Africa."
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