Forbes – Qatar launched new measures to support its banking sector on Monday with the government saying it would purchase listed shares within banks’ investment portfolios, according to a statement by the Doha bourse.

The news sent shares in Qatari banks soaring, with Qatar National, Qatar Islamic and Qatar Commercial banks rising the limit of 10 percent.

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Tags: banking-sector, bourse, commercial banks, doha, forbes, investment-portfolios, measures, qatar

Indianapolis Star – Paul Volcker, an adviser to President Barack Obama, urged "fundamental changes and reform of the financial system" that will help the U.S. economy recover from its crisis and promote future growth.

The former chairman of the Federal Reserve called for "particularly close regulation and supervision" of large commercial banks and other financial institutions whose failure would cause a breakdown in the banking system. Volcker, testifying to the Senate Banking Committee on Wednesday, reprised recommendations from the Group of 30 last month. Volcker spearheaded that report.

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Tags: adviser, banking system, barack obama, chairman of the federal reserve, commercial banks, economy, failure, federal-reserve, financial-institutions, fundamental changes, indianapolis star, paul volcker, senate-banking-committee, supervision