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Things worth reading: 30th July 2009

Things we're reading today include …

Companies


OFT help for bank start-ups as it makes veiled threat to Lloyds (Telegraph)
Northern Rock sale doubt as top banker quits (Times)
Santander beats gloom on homes (Financial Times)

Saving and Lending

Savers drain £2.3bn from building societies (Guardian)
Let's scare the banks into lending with capital raising threat (Telegraph)
IMF boosts lending to poor states (BBC)

Markets

EU examines Latvia bank bail-out (BBC)
Is high frequency trading a good or bad thing? (Telegraph)

Crime

Cyber Criminals 'Launching Twitter Attacks'
 (Sky News)
How To Hijack 'Every iPhone In The World' (Forbes)
Bernard Madoff amazed he got away with $65bn fraud for so long (Guardian)

Quote of the Day:
"Demand is flat because potential buyers believe that the bottom of the
market has not been reached yet," said Chris Skinner

Mortgage approvals 'on the rise' (BBC)

  

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About Chris M Skinner

Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, the Finanser.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...

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