Things we're reading today include ...
Companies
RBS hands £2.3m bonus to new executive (Times)
Retention bonuses back at Merrills
(Telegraph)
Lloyds to 'review' closure of C&G
(BBC)
City perplexed by Lloyds' U-turn on C&G closures
(Times)
US tax investigators win fight to force UBS to disclose accounts worth $18bn
(Guardian)
Zopa Italy Reaches Agreement with Bank of Italy; Service to Resume in September
(P2P Lending News)
Prestiamoci: P2P Lending The Italian Way, Coming in September
(P2P Lending News)
Economy
UK banks face more high-street losses, accountants warn
(Guardian)
Bank of England governor voted for £75bn extra quantitative easing
(Guardian)
City taken by surprise as Bank of England’s figures herald end of recession
(Times)
Investors can work together to challenge boards, says FSA
(Telegraph)
Warren Buffett warns budget deficit may harm dollar
(Telegraph)
June Likely Was the Trough, Goldman Says
(Wall Street Journal)
Crisis has marked a coming of age for sovereign wealth funds (Telegraph)
Quote of the Day
Win a prize to be a servant: "Virgin Money has launched a competition calling for a member of
the public to chauffeur Sir Richard Branson around Sydney in a
specially designed Virgin London cab."
Sir Richard Branson 'chauffeur' comp for Virgin Money
(Marketing Magazine)
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...