A round-up of the key stories across the specialist financial media.
EU Banks Struggle to Lure Deposits
An intensifying battle for deposits among European banks is putting pressure on the Continent's banking system, threatening to deprive lenders of a key source of funding as the cost of attracting customers rises.
Dodd-Frank Law May Hinder Crisis Response by U.S. Policy Makers
Federal Reserve Chairman Ben S. Bernanke and fellow U.S. policy makers may find themselves hampered in restoring financial stability should the European debt crisis spread to America, says Bloomberg
Pimco’s El-Erian Says U.S. Economic Setting ‘Terrifying’
Pacific Investment Management Co.’s Chief Executive Officer Mohamed A. El-Erian said U.S. economic conditions are “terrifying” as the nation struggles to recover from recession.
Most Asian share markets traded with sharp losses Wednesday after a poor manufacturing survey from China added to worries about the trajectory of global growth, says Marketwatch.
