PRESS DIGEST- Financial Times - Oct 14

Reuters

Oct 14 (Reuters) - The following are the top stories in theFinancial Times For Monday. Reuters has not verified thesestories and does not vouch for their accuracy.

Headlines

LLOYDS WARNS OF HELP TO BUY BUBBLE

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SENATE TAKES OVER U.S. BUDGET NEGOTIATIONS

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UK TO RELAX TOURIST VISA RULES FOR CHINESE

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BANK EXPOSURE TO EU STATES' BONDS ON RISE

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UK BANKS SET TO FACE PENSION PRESSURE

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MERCK EXPLORES 'RISK-SHARING' DEALS

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GULF OIL PRODUCTION HITS RECORD

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UK BUSINESS FACES CYBER SECURITY CHALLENGE

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Overview

The chief executive of Lloyds Bank has warned that thegovernment's "Help to Buy" mortgage scheme will risk creating adangerous bubble in property prices unless steps are taken toboost the supply of new housing and free up planningrestrictions.

Senate leaders in the U.S were in talks on Sunday attempting toresolve the stalemate over the debt ceiling even the countryrisks a global recession if it runs out of money to pay itsbills.British visa requirements for Chinese businessmen and touristswill be relaxed as the chancellor, George Osborne, begins afive-day tour for drumming-up Chinese investment in UK.

Banks and financial institutions are more exposed to domesticsovereign funds since the eurozone crisis, raising concerns.

New rules requiring banks to split lower-risk deposit taken fromhigher-risk investment and trading activities may force them toinject millions more into their pensions funds.

Merck of Germany is planning to raise funds from externalinvestors to boost its prospects of developing new products.

The Gulf states are producing record levels of oil, even as U.S.shale oil production was expected to surpass them and diminishGulf oil's importance.Finance directors at more than half of the UK's biggestcompanies say they do not have enough information to stave offcyber attacks effectively.

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