Leading world bankers on defensive in Davos January 23, 2013 - 14:06 AMT PanARMENIAN.Net - Leading world bankers at the World Economic Forum in Davos, Switzerland, are on the defensive amid demands to regulate their industry more closely, The Associated Press reports. Bankers have been widely blamed for the financial crisis that has left more than 200 million people unemployed around the world and dramatically reduced the living standards of many in the developed world. But James Dimon, chairman and CEO of JP Morgan Chase & Co., says "we're doing the right thing" and insists that the world needs banks so that people can buy houses and governments can function. Axel Weber, chairman of Swiss-based bank UBS, acknowledges "excesses" of the past but says it is pointless to debate breaking up banks. Both spoke Wednesday in Davos at the annual gathering of more than 2,500 corporate and political leaders. Partner news  Top stories “It’s a pity that instead of operating flights, airplanes with Armenian flags stand idle under the sun,” Ghazaryan said. The issue was discussed by Gazprom chief Alexey Miller and Armenian Minister of Energy and Natural Resources Armen Movsisyan. On Feb 23, 2012, Yerevan Jur CJSC issued application for decreasing water prices from current AMD 174,059 to AMD 166,044 per cubic meter. Finance Minister David Sargsyan met with the regional director of KfW German Development Bank Lars Oermann.   Partner news |  Latest news Ryan Gosling crime drama “Only God Forgives” wins Sydney Film Prize  The violent film, which also stars Kristin Scott Thomas, has divided critics since its debut at the Cannes Film Festival last month.200,000 Brazilians take to streets in protest march A swelling wave of protest tapped into widespread anger at poor public services, police violence and government corruption.David Thewlis joins Edgar Allen Poe story-based “Eliza Graves” The thriller follows a young doctor who comes to apprentice at a mental institution and meets a beautiful patient that he falls in love with.Lionsgate nabs screen rights to “Devil In The Grove” Pulitzer winner Adam Cooper & Bill Collage, whose Moses script Exodus will be the next film that Ridley Scott will direct, will write the script. |
