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Things worth reading: 14th April 2009

Lots of stuff we're reading today …


Germany is one of the worst-hit economies in the developed world. So why is everybody so calm? (Newsweek)
Germany finance minister to unveil bad banks plan (Euractiv)
Hungary's new PM takes over a nation in crisis (Euractiv)
Equiduct joins list of MTF launches (Financial Times)


Goldman Sachs to sell $5bn in shares to repay Tarp loan (Times)

Goldman shows Wall Street's demise is greatly exaggerated (Telegraph)

SEC to review whether BofA broke the law
(Financial Times)

Wells Fargo May Need $50 Billion in Capital, KBW Says
United FCU asks Gen-Y to rant, vent and complain (Financial Brand)

Credit Card Offers and the Dow (Infectious Greed)
Worst May Be Over for Stocks And US Economy, Cohen Says (CNBC)


Overview: China shines on rise in bank lending
(Financial Times)

China at risk amid surge in bank lending (Times)

Singapore's economy contracts 20pc in first quarter (Telegraph)


IMF in need of overhaul, say banks (Financial Times)

Islamic Banking:

Islamic Banking and Finance Summit 2009 (Reuters)

Property, liquidity hit Islamic finance


Infosys fires 2,100

Noise from our ears a basis for biometrics

Businesses warn of rising risk of counterfeiting on internet (Independent)

Cable-cutting vandals disconnect Silicon Valley (Register)

Twitter and Facebook could harm moral values, scientists warn

Teenager Michael "Mikeyy" Mooney fears being sued for creating Twitter worm
Sixty per cent of all the malicious code threat in the past 20 years has come in the last 12 months (ITPro)

And I took particular note of this story:

stuffed in a woman's bra saved her life
after she was shot aboard a bus
in the northeastern Brazilian state of Bahia.

incident took place Saturday in Bahia's capital, Salvador, where
58-year-old Ivonete Pereira was shot in the chest by one of two
attackers who tried to rob the bus.

"She was traveling to her
summer home in the nearby town of Lauro de Freitas and because of
frequent bus attacks in the region, she hid 150 reals (69 dollars) in
20- and 10-real notes coiled inside the left side of her bra.

the bus passed through the Boca do Rio neighborhood, the robbers
suddenly announced their intention. A shootout ensued with a police
officer on the scene and a stray bullet hit Pereira.

"Her bra was
stuffed with just enough cash to absorb most of the impact."

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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