Things we're reading today include ...
UK:
Lloyds and RBS: Planning for Europe's biggest privatisations (Independent)
UKFI to publish strategy for banks (Telegraph)
Sir David Walker to shake up bank boards (Telegraph)
Banks to oppose Walker’s governance reforms (Independent)
Letters reveal UK's battles with Iceland over bank crisis (Telegraph)
UK can't afford another fiscal rescue, warns IMF (Telegraph)
Boosting bank capital is not enough to avert crises (Times)
Europe:
SmartPool signs 14 clients to ‘dark pool’ (Financial Times)
CESR plans to tighten rules for short selling (Financial Times)
USA:
CIA hires Wall Street talent (Times)
Goldman Sachs bankers defy gloom with bonus bonanza (Times)
Morgan Stanley unveils $250m securitisation (Financial Times)
UBS cannot comply with U.S. request to disclose account holders' information (Reuters)
General:
Banking crisis is 'over', according to Barclays Chairman (The Straits Times)
Quote of the Day:
"You can't expect a bank that is dumb enough to sue itself to know why it is suing itself."
Fox News about Wells Fargo
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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...
