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Things worth reading: 22nd May 2009

Things we're reading today include …

Citigroup looks to slash tech costs (Financial Times)

Little evidence of quantitative easing boosting lending (Telegraph)
Beleaguered banks fail to boost level of lending (Times)

UK credit rating under threat as debt hits £8.5bn (Times)
Rating agency warning on UK debt (BBC)
Ratings agency downgrades outlook for UK economy (Guardian)

London's financial status is safe, says new LSE boss (Guardian)
Britain looks to the land of the rising sun with envy (Telegraph)

Heartening news for eurozone with surveys showing decline is slowing (Times)

Liddy quits as AIG boss (Guardian)
US puts $7.5bn into GMAC (Financial Times)
US banks expected to repay $25bn (BBC)

China banks 'take excess risks' (BBC)

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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