Things we're reading today include:
StanChart expects record earnings despite uncertainty over global economic conditions (South China Morning Post)
666: Goldman's latest bonus bears the mark of the beast (Independent)
Two accused of credit default insider trading (Times)
US banking giants face demands to bolster capital cushions (Independent)
U.S. Says Bank of America Needs $33.9 Billion Cushion (New York Times)
BofA weighs CCB stake sale (Financial Times)
U.S. May Set a Debt Test for Banks (New York Times)
As Investors Circle Ailing Banks, Fed Sets Limits (New York Times)
Recession 'over by Christmas', says Fed chief Bernanke (Telegraph)
Financial markets are racing well ahead of the real world (Telegraph)
ANZ CEO announces resignation - on Twitter (Finextra blog)
Interesting comments in the FT blogs today, with John Gapper saying that Starbucks should start a retail bank, and Brian Groom noting Tim Smit, founder of the Eden Project, commentary at the IOD Conference: "My credibility is pretty damaged in front of you because two years ago
the Royal Bank of Scotland asked the Eden Project to stop banking with
them because we were too risky."
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...
