Things worth reading: 7th July 2009

Things we're reading today include …

Today's must read:

Former Goldman Sachs employee charged with stealing trade secrets (Guardian)
The information stolen from Goldman is "software code that drives a platform performing 'sophisticated, high-speed and high-volume trades on various stock and commodity markets' by quickly obtaining and analysing information about changes in market conditions."

UK:

FSA gets tough as it threatens to triple abuse fines (Independent)
Business warns of 'double-dip' slowdown (Independent)
Slow but inexorable move to cyberspace banking (Financial Times)
Treasury to delay bank overhaul until 2010 (Telegraph)
City firms scheme to hide bonus boom from HMRC (Times)
The City doesn't need any more rules (Telegraph)

USA:

The CEO hostage crisis at BofA (New York Post)
AIG brands Greenberg ‘a liar’
(Financial Times)
US financial players look to investment banking again for profits (Independent)
US banks look in vain for private equity rescue (Times)

Asia:

Chinese officials call for end to dollar's global dominance (Telegraph)

World:

The challenges facing the G8 (BBC)

Quote of the Day:
"I am sorry, we made a mistake. We are sorry we also reduced aid to Africa."
Silvio Berlusconi to Bob Geldof

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