Things we're reading today include ...
Today's must read: Bangladeshi banking to help Scots (BBC)
"A radical form of banking pioneered in Bangladesh could be brought to Scotland to help people out of poverty. But legal uncertainty may scupper the plans by Professor Muhammad Yunus to offer small business loans to people without collateral. The Nobel Peace Prize-winning economist fears the benefits system could stop the Grameen Bank coming to Glasgow."
UK:
Northern Rock fattens up for sale (Times)
UK Financial Investments warns there will be no quick sale of RBS and Lloyds shares (Telegraph)
Darling to clamp down on bonuses (Guardian)
Bank of England injects £25bn more into economy (Times)
Bank of England's Monetary Policy Committee considering expanding quantitative easing to £150bn (Telegraph)
Showdown as EU and UK battle over banks (Independent)
EU:
European commission outlines derivatives reforms (Guardian)
Financial services: Commission outlines ways to strengthen the safety of derivatives markets (Europa)
More on EU Derivatives at the Europa Website
USA:
US to give regulatory reforms details (Reuters)
Bank of America accused of anti-consumer practices (Reuters)
Term Asset-Backed Securities Loan
Facility (TALF): Frequently Asked Questions, Federal Reserve Bank of New York
Speeches:
Some aspects of the economic and financial crisis, Charlie McCreevy in Dublin, 26 June 2009
Lessons Learned from the Financial Crisis,
William C. Dudley, President and Chief Executive Officer, Federal Reserve Bank of New York
General:
A 'bank anger' tour across the blogosphere (Wallet Pop)
Quote of the Day:
Banks "have a naked interest in keeping their service as inconvenient as
possible."
Scott Adams (Dilbert) Blog
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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...
