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French Bank Reforms Not 'Soft': SocGen CEO

Francois Hollande Speaks

Frederic Oudea, chief executive of Societe Generale, has hit out at critics who have argued that France's bank reforms, unveiled on Wednesday, do not go far enough and marks a U-turn by President Hollande who had promised a "long war" on the financial sector.

No 'Happy New Year' For UK As Gloom Worsens

Unhappy David Cameron

With gloomy economic forecasts, falling consumer confidence and poor retail figures adding to concerns over talk of the U.K. leaving the European Union, 2013 is set to be a tough year for the country, analysts say.

UBS Trader Hayes Exposed in Libor Probe

Bloomberg Top Headlines Still

Tom Hayes, one of two former UBS AG traders charged by U.S. prosecutors, is portrayed by American regulators as the kingpin of a three-year campaign that succeeded in manipulating global interest rates.