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From The Financial Times

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Investment banks to bear brunt of levy: Goldman Sachs, Morgan Stanley and other investment banks will bear a large share of the burden of the bank levy president Barack Obama is set to announce on Thursday
Geithner faces demand for AIG records: The House oversight committee has submitted a legal demand for any phone records and e-mails from Tim Geithner that discuss payments from the New York Federal Reserve to AIG's counterparties
US bank levy plan finds safety in deposits: The more a financial institution depends on commercial paper and other forms of wholesale funding, the more it will pay
Wall Street titans face the flak: Four of Wall Street's biggest names offered both contrition and a defence of their actions as the Financial Crisis Inquiry Commission promised to use its subpoena power to probe the causes of the crisis
Bankers grilled in tense exchanges: The four Wall Street titans who made the by-now-familiar trip to Washington failed to find a sympathetic audience in the bipartisan commission charged with probing the causes of the worst financial crisis since the Great Depression.
US bankers face cross-examination: Top US bankers gathered on Capitol Hill to face questioning about the causes of the 2008 upheaval across markets, the repercussions of which are still being felt
North Korea to allow more US visitors: Seeking alternative sources of hard currency , Pyongyang will allow more tourists from its arch-foe the US to visit this year
Google is not alone in calling China's bluff: As Beijing found in Copenhagen, where its demands to be paid in return for cutting carbon emissions were roundly rejected by Washington, things do not always go its way, writes David Pilling
Intolerance of small crises led to big one: This is a crisis of the 'deep Keynesian project', under which economic policy sought the maximum smoothing out of fluctuations in the real economy while keeping inflation under reasonable control, writes Jacek Rostowski
A long haul for Detroit's new prince: Short-term recovery is not the same as long-term prosperity, and Fiat-Chrysler's prospects of achieving the latter look dim. Sergio Marchionne, its self-confident chief executive, may be an expert player, but his cards are weak, writes John Gapper
US consumer credit: Strange as it may seem, a contraction in credit is not necessarily a bad thing – it is the rate of change that matters
US litigation: US securities fraud class action filings have fallen sharply – but this is unlikely to be a quiet year for America's lawyers
Outcry on Wall St at 'absurd' levy plan: Wall Street reacted with disbelief and resignation to the Obama administration's plans to annouce a levy on Thursday on the industry to pay for the financial bail-out
US and UK banks face political heat: Banks on both sides of the Atlantic scrambled to respond to mounting political pressure as public anger over their bonuses grew and US officials worked on a new levy to recoup the government's losses in the financial crisis
Bank chiefs aim to defuse heated backlash: At the Financial Crisis Inquiry Commission, Wall Street's most powerful denizens will try to appear responsible, thoughtful and part of the solution