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Things worth reading: 12th August 2009

Things we're reading today include …

Today's must read
Bank Will Allow Customers to Deposit Checks by iPhone (New York Times)
"About a million of USAA’s 7.2 million customers use their cellphones to
access their accounts … more than 15 million people in the United States used mobile banking each month … Bank of America,
which has an iPhone app, has more than three million mobile banking
customers, and 43 percent of them bank with an iPhone or iPod touch."

Today's must see
Fixing Finance, Breaking Views
30 minute video on avoiding another financial crisis with the Chairman of RBS and Head of Global Banking for Deutsche Bank

Probe shines spotlight on pair of JPMorgan accounts (Financial Times)
Standard Chartered to hire 850 bankers (Telegraph)
Citigroup sued by Norwegian towns for $200m  
(Times)
ING Reports 96% Drop in Profit on Risk Provisions, Writedowns 
(Bloomberg)

FSA wavers on severity of City bonus crackdown 
(Guardian)
Defining Wall Street's perfect pay package (The Deal)

US banking crisis far from over, Congress warns 
(Guardian)

Blodget Interviews Spitzer, His Former Nemesis
(New York Times)

Quote of the Day
"By trying to engage behind the scenes, we have come under fire for
being ‘too quiet’, which is understandable, but we have no choice but
to abide by our legal obligation to protect our customers’
confidentiality, which prevents us from having these types of
conversation in the public domain."

South Africa's Standard Bank on responding to an angry twittering customer in private, rather than via twitter

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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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