2 years ago

UPDATE 2-China to scrap commercial banks' loan-to-deposit ratio | Reuters

* Cabinet to recommend the move to China's parliament

* Current loan-to-deposit ratio is 75 percent

* Could let 16 listed banks lend $1.1 bln more -broker

* Analysts expect move to boost bank shares (Adds estimate of potential for extra lending)

BEIJING, June 24 (Reuters) - China is to scrap the country'slongstanding loan-to-deposit ratio requirement, the latest in aseries of measures to reform the country's commercial bankingsector and get more lending into a slowing economy.

China's cabinet, the State Coun

2 years ago

Inheriting a fortune: Heirs to billionaires - Delphine Arnault - Page 2 - Photos

Bernard Arnault is the chairman and CEO of LVMH. The French luxury goods conglomerate, better known as Mot Hennessy Louis Vuitton, is the largest such organisation in the world, and Dom Perignon, Donna Karan and TAG Heuer are just a few of its brands.

After Arnault's daughter, Delphine, graduated from the London School of Economics and completed her tenure at the McKinsey & Company management consulting firm, he invited her to join LVMH. She did so in 2000 at the age of 28, becoming the only woman to sit on its board.

Delphine Arnault has since taken on a life of her own in the French press, who refer to her as "The Wolf in a Cashmere Coat." However Alessandro Vallarino Gancia, heir to Italy's Gancia wine-making company, wasn't intimidated by the media caricatures, and he married her in 2005. The ceremony was attended by designer Karl Lagerfeld, former French first lady Bernadette Chirac and current French president Nicolas Sarkozy.

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Photo by CNBC.com Jul 25, 2013