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Things worth reading: 29th May 2009

Things worth reading today include …

Western Union malware attack rides into inboxes (Sophos Blog)
Wachovia’s Ken Thompson lands at PE firm (The Deal)

FSA reveals its ‘severe’ bank stress tests but hides results (Independent)
Bank stress tests too easy, analysts say (Telegraph)
FSA doomsday package includes a free massage for stressed banks 
(Telegraph)

Brussels to step up pace of bank reform (Financial Times)
Brussels to raise guarantees for fund investors (Euractiv)
Warsaw urges banks to shun dividends 
(Financial Times)

Tilson: Banks Face $1 Trillion of Losses Ahead (Money News)
DTCC seeks US oversight of ‘trade warehouse’ 
(Financial Times)
Single-Regulator Plan for (US) Banks Now Close (Wall Street Journal)
US to host next G20 world meeting
(BBC)

Banks rush to build capital via property 
(Financial Times)

Quote of the Day:

“I’ve known banks that gave loans to guys who wanted to open bars, and their only collateral was that I was going to drink there.”
Lou Grant, Rhoda

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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