PRESS DIGEST- Financial Times - Nov 18

Reuters

Nov 18 (Reuters) - The following are the top stories in theFinancial Times. Reuters has not verified these stories and doesnot vouch for their accuracy.

Headlines

Euro bank watchdog attacks unwieldy governance

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Gulf airlines unveil blockbuster deals for passenger jets

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Barclays warns of more UK branch closures

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Edmond de Rothschild to open London merchant bank

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Top directors pay rises 14 pct over the past year

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Geithner invests in life outside of Washington

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Overview

The chair of the European Banking Authority has warned thatEurope's ability to deal effectively with the next financialcrisis risks being undermined, if decision-making is notstreamlined and nationalist tendencies contained.

Gulf airlines splashed out over $150 billion on new planedeals on day one of the Dubai Airshow, underlining their statusas powerful forces in global aviation.

Less than a week after Barclays slashed 1700 jobs at its UKbranches, the bank's global retail head has warned of furtherjob cuts as the bank tries to trim its cost-heavy high-streetbusiness.

Edmond de Rothschild is preparing to launch aLondon-based merchant banking business this week as theFranco-Swiss private banking group seeks to turn London into itsfourth major business centre.

Directors' pay at the UK's biggest listed companies hasrisen 14 percent, as company bosses reap the benefits of awindfall from long-term incentive plans.

Former U.S. Treasury Secretary Timothy Geithner is joiningprivate-equity firm Warburg Pincus as president andmanaging director.

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