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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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...