Things we're reading today include:
- Disgruntled shareholders vent fury at HSBC board (The Times)
- New whistleblower claims over £1bn Barclays tax deals (Guardian)
- RBS boss says trying to defend Sir Fred Goodwin is 'mission impossible' (Telegraph)
- The latest victim of the credit crunch: Sir Fred's private jet (Guardian)
- House Approves 90% Tax on Bonuses After Bailouts (New York Times)
- G20 'deal on global regulation' (BBC)
- OECD says world economy to shrink (BBC)
Meanwhile, in the USA, AIG continues to irritate:
So much so that when Barack Obama made an appearance on the Tonight Show with Jay Leno, something no previous President has ever done whilst in office, it formed the focal point for much of the conversation:
Apparently, President Obama is already suffering from a backlash against his office due to the lack of action against AIG.
These bonus days aren't over.
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...