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• Libor Commission: British Banking Needs 'Radical' Overhaul
  Britain needs a "radical" overhaul of its scandal-hit banks, with reckless bankers facing jail and bonuses deferred for up to ten years, a government commission set up after the Libor scandal proposed in a final report on Wednesday.
• US Lawmakers, Businesses Demand Indian Trade Reforms
  A bipartisan group of more than 170 U.S. lawmakers joined with a coalition of U.S. business groups on Tuesday to demand increased U.S. pressure on India to change policies that they said threaten American exports, jobs and innovation.
• Fed: M&T Bank to Fix Anti-money Laundering Flaws
  M&T Bank Corp. will put a comprehensive plan in place to fix problems with its anti-money laundering policies that had caused regulators to put a hold on its $3.7 billion bid to buy Hudson City Bancorp.
• Roubini: Fed Faces 'Treacherous' Path in Exiting its QE
  The Federal Reserve has a difficult balancing act to perform in pulling back from its massive easing program, say Nouriel Roubini, a New York University economist, and Ian Bremmer, president of Eurasia Group, a consulting firm.
• More Investors Hold Bullish US Bond Bets Before FOMC
  More investors raised their positions in longer-dated U.S. Treasurys holdings in the latest week in advance of the Federal Reserve's two-day policy meeting, according to a survey released on Tuesday.
• Pimco Cools on Covered Debt After Record Rally
  Europe's covered bond market is falling out of favor with Pacific Investment Management Co. after a record rally sent relative yields to a three-year low.
• FT's Harding: Bernanke Will Probably Indicate Tapering Wednesday
  Federal Reserve Chairman Ben Bernanke "is likely to signal" Wednesday that the Fed "is close to tapering down" its massive quantitative easing (QE) program, according to Robin Harding of the Financial Times.
• G-8 Summit Turns Focus to Tax-Dodging Clampdown
  Leaders from eight of the world's wealthiest countries spent the final hours of their summit Tuesday focusing how to make sure that multinational companies can no longer rely on shelters and loopholes to avoid paying the tax they owe.
• Swiss Lawmakers Reject Deal to End US Tax Spat
  Swiss lawmakers have rejected a government-backed banking bill meant to end a high-profile legal standoff with the United States over suspected American tax cheats.
• UK Fraud Office Charges Former UBS Trader in Libor Probe
  Britain's Serious Fraud Office has charged a former trader with conspiracy to defraud in the rigging of a benchmark interest rate.
• Obama: Bernanke Has Stayed at Fed 'Longer Than He Wanted'
  President Barack Obama said Federal Reserve Chairman Ben Bernanke has stayed in his post "longer than he wanted," one of the clearest signals the central bank chief will leave when his current term expires next year.
• Moody's Reviews Rhode Island for Possible Downgrade
  Rhode Island's credit rating was put on review for a possible downgrade by Moody's Investors Service after lawmakers debated defaulting on $75 million in bonds used to lure a company started by former Boston Red Sox pitcher Curt Schilling.
• S&P Downgrades Venezuela, Cites Political Turmoil
  Standard & Poor's downgraded Venezuela's sovereign foreign currency credit rating by one notch on Monday, citing political turmoil as an impediment to enacting meaningful reforms in order to stop a slide in economic activity.
• Bisat: China Moves to Tighten Credit With Record Yuan Fixing
  Chinese policy makers are boosting the official exchange rate to record highs as part of government measures to slow credit growth, according to Amer Bisat, a money manager at hedge fund Traxis Partners LP.
• Former Moody's Official Mahoney: Impending Failure of Bernanke
  Federal Reserve Chairman Ben Bernanke is failing, argues Christopher Mahoney, a former vice chairman of Moody's.
• Moody's: Detroit Default, Restructuring Plan to Break Ground in Muni Market
  Detroit's default and debt-restructuring plan are precedent-setting in the U.S. municipal market, Moody's Investors Service said on Monday, because the city is looking to bondholders, as well as labor unions and pensioners, to share the pain.
• Fitch: China's 'Credit-Driven Growth Model Is Falling Apart'
  China may be facing the worst ever credit bubble, warns Fitch Ratings.
• EU Tax Chief Urges Swiss to End Bank Secrecy
  The European Union official in charge of tax policy tried to persuade Switzerland to agree to surrender more information about clients of its big banking industry as part of a drive to combat tax evasion.
• Withdrawal Syndrome Sparks Anxiety for Fed
  When do you take the addict off the methadone? That's essentially the dilemma facing the U.S. Federal Reserve's 19 policy makers when they meet in Washington this week.
• End of Easing Spurs S&P 500 Gains of 16% as Economy Expands
  More than $500 billion wiped off the value of U.S. stocks is providing opportunities for investors who remember that equities tend to rise when the Federal Reserve begins reducing efforts to stimulate the economy.
• After Opening Gambit, Detroit Manager's Next Move Vexes Creditors
  Now that Detroit's emergency manager has laid out a tough road that could include a bankruptcy filing for the city, the bondholders, pension managers and others with a stake in the outcome are left to assess his next steps while seeking to minimize any possible losses.
• Bank Earnings Seen Buffeted by Rates Rising Without More Growth
  
• ProPublica: Fannie, Freddie Are Being Set Up to Fail - Again
  Efforts in Washington to reform mortgage giants Fannie Mae and Freddie Mac have been a glaring failure to date, and in fact could boomerang to make the next housing crisis worse, according to the investigative journalism group ProPublica.
• US Regulator: Deutsche Bank 'Horribly Undercapitalized'
  A top U.S. banking regulator called Deutsche Bank's capital levels horrible and said it is the worst on a list of global banks based on one measurement of leverage ratios.
• IMF Urges Repeal of 'Ill-Designed' US Cuts, Slashes Growth Outlook
  The International Monetary Fund on Friday urged the United States to repeal sweeping federal budget cuts that will be a severe drag on economic growth this year.

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