Things we're reading on 1st March 2009:
- Banks flock to Mandelson's £10bn fund (The Telegraph)
- State-funded banks face tax-avoidance inquiry (The TImes)
- HSBC takes £17bn hit on bad loans (The Times)
- HSBC to raise £12bn in rights issue (The Telegraph)
- HBOS ex-chief executive eyes US financial services job (The Independent)
- Gordon Brown insists the European Union is united in response to global economic crisis (The Telegraph)
- EU insists eastern Europe doesn't want bailout (Kentucky.com)
- Regulators in Nevada, Illinois Close Banks as Recession Deepens (Bloomberg)
- Bankers to Obama: Stop trashing us (Politico)
- Insurance giant AIG facing possible breakup (Miami Herald)
- Warren Buffett: ‘I was dumb in 2008’ (The Times)
Plus a couple of non-banking that are of interest:
- Innovation: How social networking might change the world (New Scientist)
- Boss with the world at his fingertips (The Telegraph)
John Chambers, CEO of Cisco, explains how the recession is driving growth of networking
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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...