Chris Skinner's blog

Shaping the future of finance

Things worth reading: 8th May 2009

Chris Skinner Author Avatar
by

Things we're reading today include ...

Royal Bank of Scotland results:

RBS expects bad loans to mount in 2009 (Telegraph)
RBS profit wiped out by £4.9bn in bad debts (Times)
Royal Bank of Scotland makes £44m loss as loans go sour (Independent)

Other UK bank results:

Lloyds Banking Group ‘profit warning’ sends shares down and puts senior executives in the line of fire (Times)

Barclays and Lloyds expect sharp rise in bad debt (Financial Times)

Barclays leans on Lehman acquisition to shield it from £2.3bn in bad debts (Times)


Products backed by Lehman spark FSA probe (Financial Times)
FSA widens Lehmans investigation (BBC)

Bischoff report rejects 'Glass-Steagall' for UK (Independent)

Europe:

A new European Regulatory Structure (Finanser)
European Central Bank opts for quantitative easing to lift the eurozone
(Times)
Policy of 'printing’ money is still not yielding results (Telegraph)
Dark pool trio forms European alliance (Financial Times)

EU deepens probe into Northern Rock rescue (Times)

USA Bank Stress Tests:
 
US banks told to raise $65bn in new capital (Independent)

Stress-tested US banks race to raise extra $75bn (Telegraph)

Ten US banks fail 'stress tests' (BBC)
Bernanke assures investors that top banks are solvent (Times) 
Tim Geithner says US banking system remains strong (Telegraph)

Geithner's stress tests likely to prove too little too late (Telegraph)

US must use stress tests to improve regulation (Times)

General:

Banks turn to markets in effort to plug holes (Financial Times)
Doubt on banks’ ability to find asset buyers (Financial Times)
Lessons of the Financial Crisis for Banking Supervision, Speech by Ben Bernanke
What if women ruled the banks? (Independent)

And then there's this catchy little number:

Apologies to all my banking friends in the firms identified, but it made me laugh.

ReadingCategories
Chris Skinner Author Avatar

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...

What is the future?

Learn more

Learn more about Chris

About Chris Skinner

The Past, Present And Future Of Banking, Finance And Technology

Fintech expert Chris Skinner: countries need digital transformation to remain competitive

Join me on Linkedin

Follow Me on X!

Hire Chris Skinner for dinners, workshops and more

Learn directly from from one of the most influential people in technology, gain insights from the world's most innovative companies, and build a global network.

Chris’s latest book

Chris Skinner’s ‘Digital For Good’ Book Launch Event – CFTE

Top 50 Global Thought Leaders and Influencers on FinTech 2023

Chris Skinner
Commentator, CEO of The Finanser and best-selling author at The Finanser

Thinkers360 Thought Leader

Contact Me

Global Awards

Lifetime Achievement Award

Global 100 - 2024 Winner

Chris Skinner - Financial Markets Advisor of the Year - The Finanser - UK 2023

Best Financial Markets Advisor of the Year 2023

30 Best Regtech Blogs and Websites 2023

Kids creating the future bank | TEDxAthens

Captain Cake and the Candy Crew

Captain Cake Winner of a Golden Mom’s Choice Award

TWO-TIME WINNER OF A MOM’S CHOICE GOLD AWARD!

Alex at the Financial Services

Gaping Void's Hugh MacLeod worked with the Finanser