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Banking

WireTap 0900 12/12/11

A round-up of the top stories from the specialist financial media, including mass coverage about how the UK's Chancellor of the Exchequer has expressed his disappointment at the UK's prime minister for vetoing the latest EU treaty.




Cameron warned on EU triumphalism

Summit veto biggest threat yet to stability of coalition 

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OECD warns on global financial struggle

Markets and governments face an uphill struggle to fund themselves next year amid extreme uncertainty over the eurozone and the global economy, as new figures reveal that the borrowing of industrialised governments has surged beyond $10 trillion this year and is forecast to grow further in 2012. 

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Asset managers fight new Volcker proposals

Asset managers are demanding that US regulators rewrite new proposals implementing the Volcker Rule, which have already helped push one European bank into selling its asset management arm and which would increase the cost of capital for US companies. 

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Investors brace for bank verdict on plan

European governments and investors await a verdict on last week's summit accord from the one institution they believe can halt the euro zone's debt spiral: the ECB 

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China's fiscal revenue rises 26.8 pct in first 11 months

China's national fiscal revenue rose 26.8 percent year-on-year to top 9.73 trillion yuan (1.53 trillion U.S. dollars) in the first 11 months of the year, the Ministry of Finance said Sunday.

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