Things we're reading today include ...
UK:
- UK unemployment will reach 3.2m, BCC warns (Telegraph)
- City bankers made to pay for financial crisis (bonuses down 62%) (Telegraph)
- Credit card rates highest for two years despite rate cuts (Telegraph)
- Alistair Darling faces £39bn hole in public finances (Guardian)
- Lesson of Lloyd’s teaches us how to solve toxic debt issue (Times)(see blog from September 2007)
Europe:
- Visa told to reduce transaction fees (Euractiv)
- Visa Europe charged with breaching rules (Financial Times)
- Early euro adoption 'bad idea' for Eastern EU (Euractiv)
- UBS halts foreign travel over tax worries (Telegraph)
America:
- George Soros warns 'zombie' banks could suck lifeblood out of economy (Guardian)
US bankers may be ousted for state aid (Telegraph)- US collapse driven by 'fraud'; Geithner covering up bank insolvency (Raw Story)
- Estimated U.S. taxpayer cost for bailout jumps (Reuters)
Asia:
- World Bank sees weak Asian growth (BBC)
- Japan set for second economic bail-out (Telegraph)
World:
- Investors pull $60bn from funds (Financial Times)
- Is the Almighty Dollar Doomed? (Time)
Technology:
ReadingCategories
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...
