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Banking

WireTap 0900 05/03/12

A round-up of the key stories across the specialist financial media, including news that China has cut its growth forecast to an eight-year low.


China cuts growth target to 8-year low, to boost consumption

Wen Jiabao has cut China’s 2012 growth target to an eight-year low of 7.5 percent and made boosting consumer demand the year's first priority.

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AIG selling billion of AIA shares, to repay bail-out

American International Group is selling part of its stake in AIA Group to raise about $6 billion to help the insurer repay a huge federal government bail-out.

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London finance jobs fell 38%: recruiter

Job vacancies at London’s financial- services companies fell 38 percent last month as the eurozone's sovereign debt crisis hampered confidence.

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Lenders stress over test results 

Large banks are clashing with the Federal Reserve over how much detail the central bank will reveal about them when it releases the results of its latest stress test.

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EU banks put onus on units
Some large European banks are using cheap loans from the ECB to insulate themselves from new problems that could flare up in their businesses in financially ailing European countries.

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