Things worth reading: 3rd July 2009

Things we're reading today include …

RBS chief tries to defuse concern over pay 
(Times)
FSA to add two new divisions in 'radical' overhaul, says chief executive Hector Sants 
(Telegraph)
Probe launched after rogue trader costs City oil broker $10m 
(Guardian)

Open warfare between Rolling Stone and Goldman Sachs 
(Times)
Goldman Sachs bankers in line for record bonuses 
(Telegraph)

US bank buy-outs get tougher 
(Financial Times)

Banking system like South Sea bubble, says senior Bank of England official 
(Guardian)
Walker to seek boost for bank risk monitors 
(Times)

ING wants Twitter users to rail against bank fees (CBC New Canada)
Worldwide, Russians Spend Most Time On Social Networks (comScore) (Techcrunch)

Quote of the Day:

Goldman Sachs has “engineered every major market manipulation
since the Great Depression — and they’re about to do it again”, Matt Taibbi, Rolling Stone

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