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More bank regulation a certainty

NEW YORK (Reuters) - If markets are to regain a semblance of sanity, financial sector regulation must be tightened or overhauled to ensure that excesses that led to the global market crisis are not repeated soon, or ever.

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Looming credit card debt may be next crisis

NEW YORK (Reuters) - Top financial executives see no quick end to the global economic storm, warning this week that the current crisis could hold more surprises due to looming credit card debt.

Big role seen for government in U.S. bank M&A

NEW YORK (Reuters) - The U.S. government may say its investments in the nation's banks are mostly passive in nature, but there's little doubt it is playing an active role in reshaping the industry and setting the stage for mergers.

Wall Street bonus, job outlook worsens

NEW YORK (Reuters) - As bad as Wall Street's outlook was before October, the ongoing meltdown and political pressure guarantees the prospects for bonuses and job cuts this year have only gotten worse.

Wary investors push derivatives to exchanges

NEW YORK (Reuters) - Banks have generated billions of dollars of profits from standing in the middle of trades in the $530 trillion over-the-counter derivatives market, but investors could clamor to do more of their trading in coming years with exchanges, which are seen as safer.

Canada banks to feel U.S. recession pinch

NEW YORK (Reuters) - The Canadian banking sector has stayed relatively strong through the global financial crisis but must deal with another pressing worry: spillover from a U.S. recession that some observers fear could be long and deep.

Greenberg, Whitehead get last laugh on Spitzer

NEW YORK (Reuters) - It took a while, but two financial industry icons who tussled with former New York Governor Eliot Spitzer have enjoyed the last laugh.

Greenberg sees value in AIG Asian operations

NEW YORK (Reuters) - Maurice "Hank" Greenberg, former CEO of American International Group Inc , said he would consider buying AIG's Asian life insurance operations if the firm were to put this flagship business on the market.

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Whitehead sees slump worse than Depression

NEW YORK (Reuters) - The economy faces a slump deeper than the Great Depression and a growing deficit threatens the credit of the United States itself, former Goldman Sachs chairman John Whitehead, said at the Reuters Global Finance Summit on Wednesday.

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Greenberg: AIG toast if not stabilized

NEW YORK (Reuters) - Maurice "Hank" Greenberg, who was chief executive of American International Group Inc for nearly four decades, said on Wednesday the insurer's financial position must be stabilized swiftly if it is to have any future.

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Scotiabank CEO interested in Mexico's Banorte

NEW YORK (Reuters) - Bank of Nova Scotia's chief executive expressed interest on Wednesday in Banorte , praising its brand, but hastened to add that he did not believe the Mexican bank was up for sale.

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