Summit Notebook

Can a U.S. regulator simply talk banks into lending? FDIC’s Bair is trying

February 28, 2011

When a regulator talks, do banks listen?

FINANCE-SUMMIT/BAIRBanks are returning to profitability after the financial crisis and the head of the Federal Deposit Insurance Corp is trying to nudge them into lending again.

With Asia’s growth potential…who needs CDO-squareds?

By Rachel Armstrong
February 28, 2011

Chat among markets in the U.S. and Europe is that if the authorities clamp down on banks too hard, they’ll simply up sticks and move more of their business over to Asia.

from Blogs Dashboard:

David and Goliath had an easier time of it in the comparison stakes

February 28, 2011

By Huw Jones

The planned merger of Deutsche Boerse and NYSE Euronext will create the world's biggest bourse with 90 percent of on-exchange traded derivatives in Europe.
It has certainly focused minds and boosted CEO airmiles.
Speakers at the Reuters Future Face of Finance Summit were upbeat about their chances of winning a slice of this market which shows more promise for the bottom line than share trading, where competition is as ferocious as margins are thin.
Chi-X Europe, busy finalising its merger with BATS, took time out to explain how it too is targetting derivatives -- believing that a heady brew of shares, futures, options and ETFs on one platform will turn trading heads their way.
Last week saw the London Stock Exchange unveiling plans to turn its Turquoise pan-European platform into a derivatives winner too. And LCH.Clearnet, the clearing house, also sees
derivatives as the future.

from Newsmaker:

Ask your questions here

February 28, 2011

We are less than 24 hours away from the Thomson Reuters Newsmaker event with Alcoa CEO Klaus Kleinfeld and McKinsey & Co. CEO Dominic Barton, and there's still time to post your questions.

from Newsmaker:

Barton and Kleinfeld debate at Davos

February 25, 2011

Thomson Reuters March 1 Newsmaker guests Dominic Barton and Klaus Kleinfeld shared the stage at Davos this year with Fareed Zakaria, Jamie Dimon, Eckhard Cordes and Maurice Lévy. The Davos panel, titled  "The Next Shock: Are We Better Prepared?" centered around Jamie Dimon's vigorous defense of the banking industry. Although a bit overlooked in the coverage of the event, both Barton and Kleinfeld spoke about their predictions for the global economy. Watch this video to see why Barton is concerned that a bubble is developing in emerging markets, thanks to their urbanization push, and watch Kleinfeld explain why the health care industry should be viewed as a "job engine."

from Newsmaker:

Meet Klaus Kleinfeld

February 24, 2011

GERMANY/ On March 1, Alcoa CEO Klaus Kleinfeld sits down with Global Editor-at-large Chrystia Freeland as part of our Thomson Reuters Newsmaker event "Thriving in the New Global Economy."

from Newsmaker:

Dominic Barton on China and inflation

By Reuters Staff
February 17, 2011

Dominic Barton of McKinsey & Co. stopped by the set of Chrystia's Davos TV show in late January to discuss the global economy along with Richard Haass of the Council on Foreign Relations and Bob Shiller of Yale University. Hear why Barton's worried about inflation in emerging markets, why the U.S. should be pitching China's sovereign wealth fund on infrastructure projects in America and where is the "Florida of China":

from Newsmaker:

Is the U.S. facing a productivity crisis?

February 16, 2011

Mercedes2.jpgGenerations of Americans have clocked in to work each morning confident that their daily toils would afford them a better standard of living than their parents. But that central promise of the American dream may now be under threat.

from Newsmaker:

Thriving in the new global economy

By Reuters Staff
February 16, 2011

DAVOS/

Our next Thomson Reuters Newsmaker -- "Thriving in the New Global Economy" -- with Dominic Barton of McKinsey is coming up on Tuesday, March 1.

That’s rich. I meant the wine.

June 8, 2010

Jeffrey Rubin

What do gold and wine have in common?

Price.

Well, too high of a high price, according to Jeffrey Rubin, director of research at Birinyi Associates, the stock market research and money management firm.