Chris Skinner's blog Shaping the future of finance
Things we're reading today include:
Companies:
Barclays and Lloyds reveal steep rise in bad debts (Times)
Barclays pre-tax profits up 15% (BBC)
Lloyds shareholders consider protest over Victor Blank's re-election (Guardian)
Royal Bank of Scotland overhauls executive team (Guardian)
BNP’s balance sheet cheers European banks (Financial Times)
Surprise: AIG bonuses more than first reported (MSN)
Europe:
(EU) Parliament backs tighter capital rules for banks (Euractiv)
European central banks $40bn poorer after decade of gold sales (Telegraph)
USA:
US jails China bankers for fraud (BBC)
US Stress Tests:
How We Tested the Big Banks, by Timothy Geithner (New York Times)
Billions required to bolster US banks (Financial Times)
US banks 'safe from insolvency' (BBC)
Bank of America Under Pressure (Reuters)
BofA told to raise $34bn of new capital (Independent)
Bank of America needs $33bn more, US government warns (Guardian)
Wells Fargo Said to Need $15 Billion in New Capital (Bloomberg)
Roubini: Don't Believe the Stress Tests or the Bank Rally (Yahoo!)
General interest:
Insolvent banks should feel market discipline (Financial Times)
How banks learnt to play the system (Financial Times)
Virtual Currencies Gain in Popularity (Business Week)
Undercover IT expert cracks financial firm with social engineering (Computer Weekly)
