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Davos Bankers Work to Convince Elite That Markets Safer

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Top bank executives are struggling to convince the world’s business elite in Davos the financial system is safer, more than five years since it fell into crisis.

In what has become a yearly sparring match between bankers and their critics, HSBC Holdings Plc Chairman Douglas Flint and Barclays Plc Chief Executive Officer Antony Jenkins, two of Britain’s top bankers, faced criticism from Paul Singer, the billionaire hedge-fund manager who runs New York-based Elliott Management Corp., and Stanford University professor Anat Admati at a debate at the World Economic Forum.