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Things we’re reading: 5th May 2009

Things we're reading today include:

UK:

Time runs short for LCH.Clearnet (Financial Times)

Merger spells end for Liba (Financial Times)
Study reveals true extent of 'old boys network' between Government and banks (Scotland on Sunday)
City in danger of falling victim to EU wiles and becoming another Antwerp (Telegraph)
EC demolishes Alistair Darling's recovery forecasts (Telegraph)

Europe:

Wealth arm bears brunt of UBS cuts (Financial Times)

UBS cautious as losses stack up (BBC)

USA:

US banks in talks over capital buffers (Times)

BofA says no plan to raise capital, Citi mum (Reuters)

Wall Street awaits results of US bank 'stress tests' (Guardian)

Stress test looms for Buffett's Obama support (Independent)



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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