Things worth reading: 8th June 2009

Things we're reading today include:

Technology:

Unconfirmed Reports of Massive T-Mobile Breach (Secure Channel)
Nationwide online banking glitch (BBC)

Companies:

Lloyds Banking Group boosts Brown with £2.3bn bailout repayment (Times)
Barclays in $13bn talks to sell BGI to BlackRock (Telegraph)
Iceland to repay £2bn UK savings (BBC)

UK:

FSA gets tough as fines rise 514pc (Telegraph)
Mervyn King battles for control of his court (Telegraph)

Europe:

Merkel makes a mark (Financial Times)
Deutsche's top trader pledges to stay at bank (Independent)

Asia:

China on acquisition spree using recession to advantage (Times of India)
China explores buying $50bn in IMF bonds (Financial Times)
China Construction Bank opens first branch in U.S. (China View)

America:

BofA's Lewis to Testify Before Congress Thursday (Smart Money)
Mr Subprime could not stop being toxic (Times)
Missing $165m: Madoff cleaned London out just before his arrest (Independent)

General:

Is this the turning point? (Times)

The world's best banks (Economist)

Quote of the Day:
"All I ask is a chance to prove that money can't make me happy."
Spike Milligan

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