Things worth reading: 20th August 2009

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)

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