U.S. lawmakers need to write legislation expanding the ability of bank regulators to collect and analyze financial data to make sure another crisis like the one that shook the economy in 2008 doesn’t happen again, says a key bank regulator.

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Fed seeks bill to help regulators gather bank data

The Obama administration could take longer than 10 years to collect a $90 billion tax on financial institutions seeking to cover the remaining costs of a $700 billion bank bailout package, according to the White House’s new budget blueprint.

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Obama’s $90 bln bank tax takes ‘at least’ 10 years

Tokyo and Hong Kong-listed stocks are dragged down by last week’s sharp fall on Wall Street, while a surge in airlines lifts Shanghai after China Eastern Airlines forecasts a return to profit.

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Asian markets mixed: Tokyo down, Shanghai up

Swiss luxury goods maker Compagnie Financiere Richemont on Monday reported a 2% rise sales for the quarter that includes Christmas, boosted by sales of jewelry and specialist watches.

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Jewelry sales brighten Richemont Christmas period

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UBS says Sergio Marchionne and Peter Voser, two of Europe’s most prominent chief executives, will leave the board next year as the Swiss bank sets its sights on buying its way out of Swiss-government protection for its troubled balance sheet.

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Two UBS directors to leave; bank eyes aid escape

An economist at Australia’s central bank says the nation faces undesirably strong growth in housing prices, and warns that recent gains in affordability are related to declines in interest rates, which are unlikely to stay at low levels.

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Australia RBA economist cites home price risks

Chinese oil producer Cnooc is in talks with Nigeria to buy stakes in some of the world’s richest oil blocks in the African nation, according to a published report.

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Cnooc in talks to buy stakes in Nigeria fields

Angela Merkel is not the first name you think of when you ponder the wellspring of the next market bubble. But in a few years, her victory in the German elections will be seen as the first snowflake in the avalanche of the next boom and bust

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David Weidner’s Writing on the Wall: Merkel win: Wellspring for the next bubble

Gold futures fall 1% Monday to trade near $1,000 an ounce, as the U.S. dollar surges against major rivals, reducing the appeal of the precious metal.

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Metals Stocks: Gold falls as dollar gains ahead of Fed, G20

European officials vowed over the weekend to press for tough restrictions on bankers’ pay despite opposition from the United States when leaders of the world’s most powerful economies meet in Pittsburgh later this week for the Group of 20 summit.

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Europe talks tough on bank bonuses ahead of G20