Reuters: Regulatory News: PRESS DIGEST - Financial Times - May 14

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PRESS DIGEST - Financial Times - May 14 May 14th 2012, 00:32 Sun May 13, 2012 8:32pm EDT Financial Times 3I SET TO APPOINT EX-CITY BANKER AS CHIEF 3i, the UK's largest listed private equity group, is set to name Simon Borrows as its new chief executive this week in a move that will appease unhappy shareholders. FEAR GROWS OF GREECE LEAVING EURO Euro zone central bankers have talked publicly for the first time of managing a possible Greek exit from Europe's monetary union as stalemate in Athens talks on a coalition government raises the prospect that Greece will renege on the terms of its international bailout. JP MORGAN PROBE INTO LONDON ROLE IN LOSS JPMorgan Chase is investigating whether London-based traders hid the extent of losses on credit derivatives positions, according to people familiar with an internal probe following last week's revelation of $2 billion losses. EU KEEPS TIGHT REIN ON BANK PENALTIES Lloyds Banking Group and Royal Bank of Scotland should not count on securing softer bailout penalties, the EU's top competition enforcer has warned, as he expressed confidence the banks would meet Brussels deadlines for forced sell-offs. UK READY TO BACK BANK REFORM Britain is to drop some of its objections to the EU's flagship reforms for the banking sector, removing the main political obstacle to a deal on one of the most divisive regulation issues in Brussels. YAHOO REPLACES CEO OVER RESUME STORM Yahoo chief executive Scott Thompson departed on Sunday, 10 days after the revelation that he did not have one of the academic qualifications claimed in his personal resume. DREYFUS TO TAP CAPITAL MARKETS Louis Dreyfus Commodities, one of the world's biggest food trading houses, plans to tap the capital markets for the first time in its 160-year history, as it embarks on a $7 billion spending programme that will include a string of acquisitions. DIXONS PREPARES FOR GREEK EURO ZONE EXIT Dixons, the electricals chain, is drawing up plans to shutter its stores in Greece and protect itself against civil unrest should the country pull out of the single currency. DUBAI SET FOR TIE-UP WITH SAMSUNG LIFE Dubai is set to team up with Samsung Life Insurance to launch an 'alliance' focused on emerging markets, reinforcing efforts by the emirate to act as a launch pad for Asian companies seeking to move into the Middle East. US AHEAD OF EUROPE ON ENERGY POLICY Europe's manufacturers are rapidly losing ground to U.S. rivals because of soaring energy costs and the failure of the continent's governments to be "rational" about nuclear power and shale gas, the head of one of the world's biggest chemicals groups has warned. Link this Share this Digg this Email Reprints

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