China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

The money network:

The money network:

Why crowdfunding threatens traditional bank lending

Thursday, January 14, 2010

Winters linked to UBS role

But Gruebel denies ex-JPMorgan investment banking chief will take group chief executive role


Ossi Gruebel, the chief executive of UBS, told Euromoney yesterday (Wednesday) that rumours linking Bill Winters, the former co-head of investment banking at JPMorgan, with his own position were without foundation. “No, forget it,” was Gruebel’s response when the rumours were put to him in an interview at UBS’s headquarters in Zurich. Speculation among London-based bankers and headhunters has been growing in recent days that the highly-regarded Winters would renew his banking career by taking over either as chief executive of UBS group, with Gruebel moving up to chairman, or alternatively...


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