In the wake of the economic crisis, the government is keen to foster industries other than financial services with export potential.
ECONOMIST: British universities
In any case, Britain is unlikely to agree to hand over day-to-day responsibility for financial services, its biggest export industry, to a European regulator.
ECONOMIST: The euro crisis
The export surplus in financial services and insurance was 2.6% of GDP in the first three quarters of 2011.
ECONOMIST: Global finance
German export numbers came in lower than expected, and ING, the largest Dutch financial services company, reported a 22% decline in profits.
FORBES: Stocks Slip With Market Due For A Breather
Import and export prices will be out Wednesday, and Bernanke is also testifying in front of the House Financial Services Committee that day.
FORBES: The Week Ahead: How Far Will Stocks Correct?
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