Thomson Reuters sees chance in banks consolidation

LONDON (Reuters) - The financial crisis gripping world markets will hurt Thomson Reuters as banks lose staff and take out trading and information terminals but is an opportunity over the long term, Thomson Reuters' chief executive said.

"You've got to say this is a negative short to middle term," Tom Glocer told analysts at a London investor day, but added that the banking consolidation now beginning represented a long-term opportunity.

"There's a lot of compensating work that needs to be done now to stitch together all these trading operations," he said.

(Reporting by Georgina Prodhan; Editing by Richard Hubbard)