Things we're reading today include:
- Taxpayer to guarantee £600 billion of toxic debt in effort to save ailing banks (The Times)
- State to insure £300bn of RBS assets (The Financial Times)
- RBS due to report record UK loss (BBC)
- £650,000 pension for former RBS chief Sir Fred Goodwin (The Times)
- Lord Turner's band of FSA brothers must tread carefully (The Telegraph)
- Bigger role sought for ECB in bank supervision (The Times)
- Oops - Top Firm (UBS) Places $31bn Erroneous Trade! (Here is the City)
- Citi faces $1bn class claim on discrimination (The Independent)
- US banks have six months to recapitalise (The Telegraph)
- Global financial crisis could put an end to the US death penalty (The Telegraph)
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Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal's Financial News. To learn more click here...