PRESS DIGEST – Financial Times – Dec 2

The Financial Times

UK BANKS TAPPED FED CREDIT

Foreign banks were among the biggest users of the U.S.
Federal Reserve’s emergency credit programmes during the
financial crisis, according to data released by the Fed.

http://www.ft.com/cms/s/0/4dd95e42-fd6d-11df-a049-00144feab49a.html#axzz16vKFWaUa

UK OUTPUT GROWS AT FASTEST RATE IN 16 YEARS

The British manufacturing sector expanded at its fastest
pace in 16 years last month as the global recovery gained
strength in spite of rising fears about the stability of the
eurozone.

http://www.ft.com/cms/s/0/cc28da9a-fd7a-11df-a049-00144feab49a.html#axzz16vKqHi00

EURO BAILOUT FUND TO PAY SHARE OF IRISH RESCUE WITH BOND

Europe’s bailout fund will issue 5 billion euros ($6.55
billion) to 8 billion euros of bonds next month to provide loans
to debt-ladden nations.

http://www.ft.com/cms/s/0/f637db9a-fd45-11df-b83c-00144feab49a.html#axzz16vL0cp89

EXPOSURE FEARS FOR IRISH BANKS

Ireland’s banks are among the most exposed to some of the
other weaker eurozone nations, in spite of the industry’s small
network of foreign operations.

http://www.ft.com/cms/s/0/33a34afe-fd83-11df-a049-00144feab49a.html#axzz16vLEhoNN

BARCLAYS CAPITAL TO AXE MORE JOBS AS TRADE FALLS

Barclays Capital [BARCBC.UL], the investment bank that has
expanded rapidly since the financial crisis, is set to cut
hundreds of jobs in Britain following a sharp slowdown in
revenues.

http://www.ft.com/cms/s/0/64561d60-fd7f-11df-a049-00144feab49a.html

(Summary compiled by Reuters)

PRESS DIGEST – Financial Times – Dec 2