Things we're reading on 27th February 2009:
- Government's insurance for toxic assets is generous to a fault (The Telegraph)
- RBS and Lloyds nationalised in all but name, says Bank of England Governor Mervyn King (The Telegraph)
- Lloyds sees HBOS loss of £10.8bn (BBC - quotes Chris Skinner)
- Lloyds keen to bury £200bn toxic debt in state scheme (The Times)
- Mervyn King attacks Labour and 'astronomic' pay of top bankers (The Times)
- Sir Fred Goodwin: 'Anyone else would have had their pension cut to £20,000' (The Telegraph)
- Royal Bank of Scotland rescue plan could be a winner (The Times)
- CME in talks to launch derivatives clearer in London (Financial Times)
- Confidence falls in eurozone as economy fears grow (The Times)
- European banks to receive €24.5bn loan (Financial Times)
- A better way to fix the banks (McKinsey Quarterly)
- JPMorgan to cut 12,000 jobs (The Straits Times)
- US Government may raise Citi stake to 36pc (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...