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Banking

WireTap 0900 15/03/12

A round-up of the key stories across the specialist financial media, including news that JP Morgan's chief Asian economist believes that China's economy is already in a hard landing.


Chinese economy already in ‘hard landing,’ JPMorgan’s Mowat says

China’s economy is already in a so- called “hard landing,” according to Adrian Mowat, JPMorgan’s chief Asian and emerging-market strategist.

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Turner calls for radical action on shadow banking

Shadow banking poses a constantly changing threat to financial stability and must be closely supervised and regulated to avoid fostering unsafe borrowing and exacerbating boom and bust cycles, the UK’s leading financial regulator has said.

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Exclusive: Obama, Cameron discussed tapping oil reserves

Barack Obama and David Cameron discussed the possibility of releasing emergency oil reserves during a meeting on Wednesday, the first sign that Obama is starting to test global support for an effort to knock back near-record fuel prices.

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UBS Cuts 2011 Bonus Pool

UBS has cut the bank's overall bonus pool for 2011 by 40% to 2.6 billion Swiss francs to reflect tough market conditions at the end of last year that hurt its struggling investment bank, where managers' bonuses were cut on average by 60%.

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RBI resists pressure and holds rates

India’s central bank resisted cutting benchmark lending rates on Thursday as policymakers decided that more needed to be done to tackle persistently high inflation.

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