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Banking

WireTap 0900 29/03/12

A round-up of the key stories across the specialist financial media, including that the European governments are close to implementing a one-year increase in the EFSF.


EU nears one-year boost in rescue fund to $1.3 trillion

European governments are preparing for a one-year increase in the ceiling on rescue aid to $1.3 trillion to keep the debt crisis at bay, according to a draft statement written for finance ministers.

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Iran oil slows as price concerns rise

Iran's oil exports appear to have dropped this month as buyers prepare for tough new sanctions, market observers say, and shipments are likely to shrink further if President Barack Obama determines by Friday, as expected, that markets can adjust to fewer barrels of Iranian oil.

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Global takeovers drop in quarter as bankers see revival

Global dealmaking slumped for a third straight quarter as chief executive officers funneled cash into share buybacks and new products, a trend that may reverse in the coming months as the economic recovery gains momentum.

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BRICS nations voice concern over pace of IMF reforms

The BRICS group of emerging market nations voiced concern about the slow pace of reforms within the IMF in a draft summit declaration that also called for a transparent process to select the next World Bank president.

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Chaos over a plunging note

Regulators are examining volatile trading in a complex exchange-traded note that caused it to lose 60% of its value in the past week.

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