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Things worth reading: 27th March 2009

There are loads of things we’re reading today, so we need to place them in sections.

First, there’s the big news that Barclays Bank has cleared the crisis according to the FSA, and needs no new capital whilst they trip up in the USA:

Then there’s a big investigation into AIG and the way Credit Default Swaps work:

A few indications of more crisis impacts with the Norwegian pension fund losing $90 billion last year, the world’s oldest bank Monte Paschi de Sienna getting into trouble, and IBM and Google laying off staff (Google, yes Google!): 

Talking about Google, this article Google is Evil, Worse than PayPal: Don’t use Google Checkout for your business (Slash7) does them no favours.  Take note that this is one of the web’s most popular tech blogs and you can see why it’s worth noting.

There’s still a lot of anger about the banking system, with one London Professor talking about hanging bankers from lamp-posts:

This all builds on the fact that US bank chiefs to meet with President Obama (Telegraph) today as well.

Finally, 5 Items you owned (that would bore today’s youth) from Regretful Morning just cheered me up.

About Chris M Skinner

Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, the Finanser.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...

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