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Banking

WireTap 1400 15/12/11

A round-up of the key stories across the specialist financial media including news that, even though decline in the Eurozone is slowing, a recession still looks certain.


Euro zone decline eases, recession still looks certain: PMI

The decline in the euro zone's private sector eased a little this month, but a recession still looks inevitable with the region's periphery struggling badly, a key business survey showed on Thursday.

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Russia could commit $20 billion for euro zone loans

Russia could commit up to $20 billion to the International Monetary Fund for loans to the euro zone, said a top aide to the country's president.

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Credit Suisse to merge private, investment bank operations

Credit Suisse Group AG (CSGN), the second- biggest Swiss bank, plans to combine the operational functions of its private banking and investment-banking units from next year to lower costs.

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HK margin rules on uncleared swaps should include exemptions, say market participants

Hong Kong regulators should include an exemption for corporates and non-bank financial institutions in any margin requirements for uncleared over-the-counter swaps, say some market participants.

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Futures higher ahead of data flurry 

Stock index futures were higher on Thursday, following three days of market losses and ahead of a batch of data including industrial production, jobless claims and New York manufacturing.

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