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Things worth reading: 23rd May 2009

Things we're reading today include:

Companies:

HSBC chairman faces down angry investors (Guardian)
HSBC may rethink U.S. credit cards (Reuters)
HSBC warns branch network 'uneconomic' (Telegraph)
RBS appoints Crombie to board (Financial Times)
Clara Furse: A stubborn City champion who batted for the Stock Exchange 
(Guardian)
Santander decides to leave Venezuela (Financial Times)

UK:

Treasury rejects move to reveal bank stress tests (Independent)
FSA mulls more data on bank bail-outs (Telegraph)
Building societies 'had unsustainable margins'  (Telegraph)
OECD defends UK's AAA credit rating status (Telegraph)

USA:

Dollar under pressure as fears grow over America's AAA rating  (Telegraph)
Dollar wrong side of economic revival (Financial Times)
China has long way to go to dislodge dollar (Financial Times)

Geithner Calls for ‘Very Substantial’ Change in Wall Street Pay (Bloomberg)

New credit card limitations in US 
(BBC)
What the Credit Cardholders Bill of Rights Means for You (Mint Blog)
How to Destroy the Credit Card Industry (Motley Fool)
Credit cards in America: A once-glittering business loses its shine
(The Economist)

Markets:

History tells us that March 2009 marked a buying opportunity (Telegraph)

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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