Things we're reading today include ...
US Banks Q2 Results
Citigroup and Bank of America deliver surprise profits (Guardian)
One-time gain bolsters Citigroup (BBC)
Citi reports Q2 net income of $4.3bn, EPS $0.49 (Financial Times)
Bank of America Earns $3.2 Billion in Second Quarter (Bank of America)
Street Gains On JPMorgan Earnings, Economy (Forbes)
Two Giants Emerge From Wall Street Ruins (New York Times)
US banks are not cured yet (BBC)
Other company news
Rolet speeds in to push change at LSE (Financial Times)
Barclays workers in strike ballot (BBC)
Goodwin dined at Chequers while RBS was losing £24bn (Independent)
Spain acts to help lenders (Financial Times)
General news
Study on trading and post-trading prices, costs and volumes (European Commission)
Carriers United – a Look at Zoompass (Payments News)
Why the bonus culture needs to be defended (Financial Times)
66% of 14-18 year olds prefer CDs (Hypebot)
Quote of the Day:
“I'm only doing this to eat. They're not letting me work“
Bank robber cites economy during holdup (Houston Chronicle)
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...