Things we're reading today include ...
Banks to be 'named and shamed' over complaints (Times)
Bank of England considers pumping billions more into economy (Guardian)
City is caught by surprise as Bank stops 'printing money' (Independent)
EU attack on City of London is 'opportunistic' (Telegraph)
EU to tighten bank lending to offset risks (Euractiv)
Citigroup shuffles executives, CFO moves (Times)
Judge calls on US to clarify position on UBS (Financial Times)
Credit delinquencies hit record high (CNN Money)
US bank capital changes opposed (Financial Times)
Micropayments a big issue in media world (Telegraph)
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Quote of the Day:
If Europe undermines the competitive advantage of London "in the way that is proposed, then you simply hand that advantage not to Frankfurt or Paris or to any other European capital but to other cities around the world – to New York or Shanghai or wherever it happens to be."
Boris Johnson, Mayor of London in the Guardian
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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...
