While during her initial few months in office, like any other freshman lawmaker, Elizabeth Warren had maintained a low profile, the same now seems to realize a change.

On Tuesday, Barclays has announced in its statements about its recent decision of cutting approx 3,700 jobs followed by another decision of closing several other business units of the company too.

The decisions have followed the reports of a British bank, which mentions about a loss to the company in the fourth quarter of last year.

In order to make sure that reduced liquidity does not result in weakening of its monetary policy, the European Central Bank has prepared itself to make up for any acceleration by the banks of the region in emergency loan repayments.

The Bank of England has said that the officials should be open about adopting unorthodox measures to manage the monetary policy is required.

Though, Morgan Stanley has taken many essential steps, much aggressive ones, last year so that it could realize a boost in its profits, a recent report has claimed that its future growth is still uncertain.

According to CEO John Stumpf, 2012 has been an outstanding year for Wells Fargo. Wells is the first bank to have offered information about its earnings for the fourth quarter. Its stocks have been one of the best performers in the market for this year. Mortgage increased to $125 billion which is four percent increase during the same period.

It has been revealed in a survey of private factory managers that manufacturing sector in China has been witnessing a healthy rise. The survey has revealed that the sector has witnessed maximum rise since May 2011.

As per reports, it has been revealed that Cameron Clyne, positioned as chief executive of National Australian Bank, will be awarded with bonus. It has been said that he will be provided with approximately $4 million.

Recent reports have subjected that Royal Bank of Scotland (RBS) has chosen Swiss investment bank UBS to take hold 316 RBS branches and manage its sales, which fell to Santander through the previous month.

The Centre for Economics and Business Research has discovered that the bonus for financial sector workers in London would decline for the year 2012. In a recent report, the CEBR has revealed expectations of dwindling bonuses by more than half as compared to the figures last year.