Reuters: Regulatory News: PRESS DIGEST - Financial Times - July 19

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PRESS DIGEST - Financial Times - July 19 Jul 19th 2012, 00:42 Wed Jul 18, 2012 8:42pm EDT Financial Times Headlines RATE PROBE TURNS TO BIG BANK QUARTET - BOMBS STRIKES AT HEART OF SYRIAN REGIME - CHINA TO BUY US ASSETS VIA GM PENSION - CREDIT SUISSE ACTS TO TACKLE CAPITAL FEARS - COST CUTTING HELPS BOFA SWING TO PROFIT - GROSS RETURNS TO FORM AS PIMCO'S FLAGSHIP ETF DOUBLES - OLYMPIC FLIP FOR UK JOBS MARKET - CARBON PRICES TUMBLE TO RECORD LOW - TOLL ROAD PLANNED IN INFRASTRUCTURE PUSH - Overview RATE PROBE TURNS TO BIG BANK QUARTET Regulators are focusing on at least four of Europe's biggest banks as they investigate Libor rate rigging. BOMBS STRIKES AT HEART OF SYRIAN REGIME A bomber killed three of Bashar al-Assad's top military officials in Syria on Wednesday - including his powerful brother-in-law. CHINA TO BUY US ASSETS VIA GM PENSION The Chinese government has agreed to buy investment stakes currently held by General Motors' pension plan. CREDIT SUISSE ACTS TO TACKLE CAPITAL FEARS Credit Suisse is bolstering its capital position, reversing its resistance to pressure over the issue from the Swiss central bank last month. COST CUTTING HELPS BOFA SWING TO PROFIT Bank of America announced it would achieve $8 billion in annualized cost savings by mid-2015 after a strategic review known as "New BAC," which is leading to heavy job losses. GROSS RETURNS TO FORM AS PIMCO'S FLAGSHIP ETF DOUBLES The world's biggest bond fund manager at PIMCO has doubled the size of its flagship exchange-traded fund in less than two months, hitting $2 billion in assets as performance. OLYMPIC FLIP FOR UK JOBS MARKET Economists have warned that Britain's jobless figures are likely to start rising again over the coming months, after the Olympic Games. CARBON PRICES TUMBLE TO RECORD LOW Prices for UN-backed carbon credits sank to a record low in morning trading on Wednesday following doubts over the EU's plan to back the bloc's emissions trading market. TOLL ROAD PLANNED IN INFRASTRUCTURE PUSH The British government have unveiled plans to introduce tolling on an existing stretch of road for the first time. Link this Share this Digg this Email Reprints

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