Things we're reading today include:
- Cherie Blair hired to sue RBS and Sir Fred Goodwin (Telegraph)
- Barclays under pressure to sell $1 trillion BGI business
(Telegraph) - HSBC bailout 'unthinkable' (Straits Times)
- AIG says it spent some bailout money paying banks
(Charleston Daily Mail) - Bernanke hopeful for US recovery (BBC)
- G20 summit approves IMF cash boost (Telegraph)
- Madoff still owns over $800 million, to appeal bail (Welt)
And I loved this explanation of the Bernie Madoff affair by Sesame Street (thanks Misstrade):
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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...