Things we're reading today include …
Monetary policy challenges in light of the current financial market developments (Speech by Gertrude Tumpel-Gugerell, Member of the Executive Board of the ECB)
Commission launches consultation on how to ensure responsible lending and borrowing in the EU
US banks to break free of state assistance (Financial Times)
Citigroup CEO tells national summit attendees to expect tight credit, corporate restructurings (Fox)
Goldman's Blankfein issues apology as bank prepares to repay $10bn (Telegraph)
Obama warns Wall Street as banks begin repayments (Times)
Give us more clout at IMF, say BRIC nations (Independent)
Groups have up to $1,000bn locked up in working capital (Financial Times)
Quote of the Day:
"If you're an incumbent in any industry, and rapid change is underway,
you're uncomfortable, even if long term it's going to be good."
Jeff Bezos, CEO, Amazon at the Disruptive by Design conference last week
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