PRESS DIGEST – Financial Times – Dec 17

The Financial Times

CLEGG BLASTS BANKS OVER BONUSES

Britain’s deputy prime minister warned British banks the
government will not stand idle if they fail to cut this year’s
bonus payments and increase lending to small companies.

http://www.ft.com/cms/s/0/a1c11cbe-0954-11e0-ada6-00144feabdc0.html#axzz18Ji1gM9M

UK, FRANCE, GERMANY IN PRIVATE TALKS TO FREEZE EU BUDGET

Britain, France and Germany were on Thursday night engaged
in private talks in Brussels to secure a real terms freeze in
the European Union budget until 2020.

http://www.ft.com/cms/s/0/74586720-095c-11e0-ada6-00144feabdc0.html#axzz18KbTLIP7

BRAMSON BIDS TO RESHAPE F&C

Edward Bramson, an activist investor targeting F&C (FCAM.L: )
has launched a move to oust the company’s chairman and parachute
two new directors into the asset manager’s board.

http://www.ft.com/cms/s/0/72fd8728-0940-11e0-ada6-00144feabdc0.html#axzz18Kc3jijx

ECB’S SMAGHI SAYS DEFAULT NOT A SOLUTION FOR EUROPE

Sovereign debt defaults are not a solution to the euro zone’s debt crisis because they would lead to a loss of confidence in
the banking system and would threaten democratic foundations,
European Central Bank executive board member Lorenzo Bini Smaghi
said.

http://www.ft.com/cms/s/0/0c5511d4-0955-11e0-ada6-00144feabdc0.html#axzz18JVuMF3O

BOSCH WARNS OVER SMALLER SUPPLIERS

A sharp increase in raw material prices will slow down
Europe’s economic growth next year and could put smaller
supplier companies in financial trouble, the head of Germany’s
Bosch (BSLRF.PK: ) warned.

http://www.ft.com/cms/s/0/64322fa6-0944-11e0-ada6-00144feabdc0.html#axzz18KbRZM00

(Summary compiled by Reuters)

PRESS DIGEST – Financial Times – Dec 17