Things we're reading today include ...
Barclays offloads fund management business BGI to BlackRock for $13.5bn (Telegraph)
Rising oil price poses theat to recovery, Alistair Darling warns (Telegraph)
City fears EU regulatory onslaught (Financial Times)
Sweden backs UK to fend off EU regulation of City (Guardian)
Calls for Brown to go nuclear in City battle with EU (Telegraph)
Western banks have supported their eastern European subsidiaries—so far (The Economist)
Lewis grilled over Merrill deal (Financial Times)
Congress attacks Bush administration for 'bullying' Bank of America into buying Merrill Lynch (Guardian)
Credit derivatives on countries are behaving oddly (The Economist)
World Bank sees even worse slump (BBC)
International Monetary Fund, World Bank foresee global weakness, then recovery (Miami Herald)
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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...
